Did you know that using your cell phone for mobile banking actually can actually be safer than banking online with a computer?

The reason:  Cell phones in the U.S. run on a variety of operating systems, making it tough for hackers to create malware or viruses that can target phones across different platforms.

Still, there are a few mobile phone schemes you should watch out for.  Phishing can occur with mobile Internet browsers, like all browsers.  There's also smishing: Crooks send text messages, claiming to be from your financial institution, and request information such as your PIN (personal identification number) or account number.  And if you store account information or logins on your device, you could be at risk for identity theft if your phone is lost or stolen.

Stay safe by taking simple precautions with your phone:

• Steer clear of e-mails or text messages that claim to be from financial institutions and ask you to click on a link or provide sensitive account information.  Coosa Pines FCU and other legitimate financial institutions do not operate this way.

• Set your phone so that a password is required to turn it on or "wake it up" from sleep mode.

• Don't allow mobile Internet browsers or applications to automatically sign you in to your accounts.  Log in manually to protect your information if your phone is lost or stolen.

• Only download banking apps directly from your financial institution or from a reputable vendor, like iTunes.

• If your phone has Bluetooth -- a feature that allows mobile phones to communicate wirelessly -- make sure you turn it off when you're not using it.

If you follow basic security measures, mobile banking can be a convenient and safe tool to manage your accounts.

If you'd like to set up CPFCU's Mobile Money banking on your phone, give us a call, stop in, or log into your Virtual Branch to get started.