Can’t find your phone? Drop everything – thieves can get into your banking app!
If ever you lose your phone, or someone steals it, drop everything and contact your bank without hesitation – criminals can raid your account, warns consumer journalist Wendy Knowler.
iPhone users seem especially vulnerable.
Knowler discussed a few case studies recently of people who had their iPhones stolen, then found that their bank accounts have been cleaned out using the banking app.
She explained how criminals may be accessing banking apps of the phones they steal.
Listen to the interview in the audio below.
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Consumer Ninja, Wendy Knowler, on payment holidays from banks in which you get a break from interest and repayment of debt.Read More
This edition of Consumer Corner looks at how lay-offs, closures and quarantine will impact people's income and ability to repay debt.Read More
The Consumer Goods and Services Ombudsman says the Covid-19 pandemic should force suppliers to review their cancellation policies.Read More
Wendy Knowler, consumer Ninja, has a horror story about insurance policies being cancelled - by sms.Read More
Emirates was asked detailed questions about their protocols following a case of attempted sexual assault on one of their flights last week.Read More
As the coronavirus continues to impact global travel, some international airlines are now offering free cancellation or flight changes.Read More
Hundreds of small businesses which fell prey to a phone directory listings scam, should relax and read here.Read More
Consumers with international travel plans this year are facing high levels of anxiety as the coronavirus spreads across the world.Read More
Wendy Knowler, consumer journalist, on Nedbank's early debit orders.Read More
A South African man has slammed airlines that refuse to issue penalty-free refunds in destinations hit by the coronavirus outbreak.Read More