Is your Smart Phone a Financial Business Risk?

We are all using our smart phones more than ever these days. We virtually run our companies from them, play games with them and oh yeah make phone calls with them. With the versatility and conveniences of our smart phones it is no surprise that cyber criminals have found a way of exploiting personal information from our handy devices.

Financial Risks
Having confidential information stolen from your smart phone is a serious risk.  It can lead to breaches in your social network, bank accounts, and client information. Not only is this bad for an individual but as a corporation it can be expensive to repair the damage.bad-guy-sneaks-phone
It is costly to notify contacts of the breach then rebuild the company’s image to regain customer trust. Don’t let this happen to you. Learn how to protect your business and your personal information below.

It is Easy to Protect Your Business Phone
Always make sure you are downloading apps for your phone from a reputable source. Apps found online and in the Android marketplace have not been screened for malware and can open the door to cyber thieves.

Review the customer reviews before downloading any app onto your phone. It sounds basic but could save you time and money in the long run.

Be aware when an app asks for permissions during the uploading process. Now we know this one is getting harder to avoid with every app wanting to connect to social platforms or asking for access to your phone’s hard drive. If you follow the key points above you should be safe but there are no guarantees. 

Safe Phone Browsing Habits
Now these next points are not only good to remember when browsing from your laptop but from your phone as well. It might be a good idea to go over a few of these principles with employees to make sure the phones they are using for work, don’t expose your company to hackers.

  • SMS or VM Phishing – if you get a questionable texted or voice mail, call the company back directly and verify with them before handing over important information.
  • Password Guard – if your smart phone is stolen or lost it can be easy for someone to get access to of social media log ins or even bank information. Keep your phone password protected. 
  • VPN Entree – If you are using your smart phone to access a corporate network, use SSL VPN to connection to secure the session. This keeps the corporate information safe from prying eyes. 
  • Wi-Fi Hotspot Security – Do not connect to any password protected site like social media, banking or PayPal websites while using an unsecured or free Wi-Fi Hotspot! Doing this is just asking for your personal information to be stolen.
  • Utilize Security Apps – Think of the software you download to protect your computer, there are similar options for your phone. Use them to keep your phone safer. 
  • Update – It seems simple but update your apps and keep your software up to date.

Now that you know how to better protect your personal information on your smart phone, pass it on. Share this with your employees and other business friends to make sure they are also protected against cellular cyber theft.

Source: The Art of Securing Mobile Devices, by Troy Gill, GPEN, Rough Notes, Pg. 44,46

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Is your Smart Phone a Financial Business Risk?
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