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Is it safe to bank on our

Mobile Banking: Is it safe to bank on our phones?

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Should we bank on our phones (literally). We can, but is it safe to? Experts say yes, as long as you do it cautiously. Read more in my presentation, created for Queen's University's course, FILM 315 (Digital Media Theory).

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Page 1: Mobile Banking: Is it safe to bank on our phones?

Is it safe tobank

on our phones?

Page 2: Mobile Banking: Is it safe to bank on our phones?

As discussed by Sidney-Eve Matrix in her course

Digital Media Theory, FILM 315,

A rising trend of mobility is

IMMEDIACY

Page 3: Mobile Banking: Is it safe to bank on our phones?

We are “moving at a greater velocity

due to mobile and social technologies…

Page 4: Mobile Banking: Is it safe to bank on our phones?

we want our data and our connections

at hand, in real time…

NOW.”

Page 5: Mobile Banking: Is it safe to bank on our phones?

Through the use of Apps

this ideal can occur.

Page 6: Mobile Banking: Is it safe to bank on our phones?

In 2010, over 3,000,000,000

Apps were downloaded

Page 7: Mobile Banking: Is it safe to bank on our phones?

In 2013, an estimated 29.5

billion dollars will be spent on Apps

Page 8: Mobile Banking: Is it safe to bank on our phones?

These Apps immediately connect

us to:

Page 9: Mobile Banking: Is it safe to bank on our phones?

social networks

(nearly 60% of the time people spend on mobile internet is spent on social

media sites)

Page 10: Mobile Banking: Is it safe to bank on our phones?

E-mail

Page 11: Mobile Banking: Is it safe to bank on our phones?

And can even be used to

pay our bills.

Page 12: Mobile Banking: Is it safe to bank on our phones?

9% of Canadian consumers have a mobile banking account

20% plan to start using one within the next year

Mobile Bankers

Online/In-Person Bankers

Page 13: Mobile Banking: Is it safe to bank on our phones?

So why is managing money on a mobile phone a growing trend?

The #1 reason to mobile bank is…

Page 14: Mobile Banking: Is it safe to bank on our phones?

It can be done anywhere at any time“Research suggests that consumers in this country would prefer to check their bank balances, transfer money, or pay their bills while sitting on their morning train commute or standing in line at the coffee shop rather than at their office

or home computer.”

Page 15: Mobile Banking: Is it safe to bank on our phones?

But as we embrace efficiency and immediacy…

Page 16: Mobile Banking: Is it safe to bank on our phones?

Are we neglecting safety?

Page 17: Mobile Banking: Is it safe to bank on our phones?

of Roger’s customers lose their cell phones per year

10%

Page 18: Mobile Banking: Is it safe to bank on our phones?

Thus, there is a 1 in 10 chance that your smartphone,

with all your banking information, could end up in the hands of a

stranger.

Page 19: Mobile Banking: Is it safe to bank on our phones?

"It's slightly more risky, similar to using a laptop at Starbucks," said Charlie Miller, a principal analyst at consultancy Independent Security Evaluators. "The biggest difference is you are carrying the thing around with you and are more likely to lose physical custody of it than a computer."

Page 20: Mobile Banking: Is it safe to bank on our phones?

What can you do to be more cautious while banking on your phone?

Page 21: Mobile Banking: Is it safe to bank on our phones?

“Mobile users should use their device PIN codes, download mobile apps only from their financial institution, switch Bluetooth off when not in use, and avoid lending their phone to strangers to minimize the chance of someone downloading a malicious app onto the device.”

Page 22: Mobile Banking: Is it safe to bank on our phones?

“Mobile banking is secure and there's not really any cause for concern”

said Holland of Aite Group.

Page 23: Mobile Banking: Is it safe to bank on our phones?

“This is the way of the future” said Sonia Baxendale (head of

CIBC’s consumer banking)

Page 24: Mobile Banking: Is it safe to bank on our phones?

Do YOU access your bank accounts on your smart

phone?

Page 25: Mobile Banking: Is it safe to bank on our phones?

Thanks for

viewing!

This slideshow was produced for Queen’s University’s summer correspondence course, FILM 315s, as taught by Sidney-Eve Matrix

For more information visit www.film315s.com

Page 26: Mobile Banking: Is it safe to bank on our phones?

References:Slide 1Photo source: “skettalee” via Flickr

Slide 2Source: Sidney-Eve Matrix’s FILM 315 podcast on “Mobilities”photo source: “JonJon2k8” via Flickr

Slide 3Source: Sidney-Eve Matrix’s FILM 315 podcast on “Mobilities”Photo source: “sue_photographic_lover” via Flickr

Slide 4Source: Sidney-Eve Matrix’s FILM 315 podcast on “Mobilities”Photo source: “property of- me” (via Flickr)

Slide 5Photo source: “Daniel Y. Go” (via Flickr)

Slide 6 Source: Sybase Inc’s Youtube channelPhoto source: “Josh Bancroft” (via Flickr)

Slide 7Source: SybaseInc’s Youtube channel Photo source: “Stryler” (via Flickr)

Page 27: Mobile Banking: Is it safe to bank on our phones?

Slide 8 Photo source: “garryknight” via Flickr

Slide 12Source: Ready to bank on your smartphone? By Tara Perkins and Iain Marlow in The Globe and Mail

Slide 13Image Source: “redspotted” via Flickr

Slide 14Source: direct quote from Ready to bank on your smartphone? By Tara Perkins and Iain Marlow in The Globe and

MailPhoto source: “WillyG” via Flickr

Slide 15Photo source: “lokiv7” via Flickr

Slide 16Photo source: “chris campbell” via Flickr

Slide 17Photo source: “cote” via Flickr

Slide 19Source: direct quote from “Mobile banking: Safe, at least for now” by Elinor MillsPhoto source: “titojuan” via Flickr

continued…

Page 28: Mobile Banking: Is it safe to bank on our phones?

Slide 20Photo source: www.usfst.com via Google

Slide 21Source: direct quote from “Mobile banking: Safe, at least for now” by Elinor MillsPhoto souce: “sally henny penny” via Flickr

Slide 22Source: direct quote from Ready to bank on your smartphone? By Tara Perkins and Iain Marlow in

The Globe and MailPhoto source: “fotobananas” via Flickr

Slide 23direct quote from Ready to bank on your smartphone? By Tara Perkins and Iain Marlow in The Globe

and MailPhoto source: “eleda 1” via Flickr

Slide 24Photo source: “Milica Sekulic” via Flickr

Slide 25Photo source: Submitted on weheartit.com by Anonymous

continued…