New research numbers show that more than 25% of US smartphone owners use mobile payment apps at least once a month.
You may do all of your banking on a mobile app, or pay your credit cards with one or several. Maybe you even use peer-to-peer payment apps such as PayPal’s Venmo to pay the babysitter, or buy your morning coffee with the Starbucks app.
Apps like these make it convenient to manage all of your personal finances right in the palm of your hand. But would you still love your on-the-go convenience payment apps if they came at a steep price?
Well, actually, they do. No, we’re not talking about usage fees, though those certainly exist; we’re talking about risking your privacy and online security.
The truth is, mobile payment apps are way less secure than we’ve been led to believe. We’ve been trusting these apps with our most valuable and private information—bank account numbers, credit card security codes, etc.—but what if we’ve been living in a fool’s paradise this whole time?
Oh wait! We have… READ MORE “The Hidden Dangers of Mobile Payment Apps”