Banking transactions on an app are common. But beware as someone may be copying the information
Most banks ask their customers to download the respective banking apps. And with more smartphones in India (networking infrastructure company Cisco Systems Inc. expects the number to grow 4.7 times to 651 million by 2019), there are many who use banking apps. But how safe are these? “Telling whether an app is secure or not is very tricky," said Saket Modi, co-founder and chief executive officer, Lucideus Tech, a cyber security firm, which provides online security solutions to banks such as ICICI Bank Ltd, Kotak Mahindra Bank Ltd, Standard and Chartered, HDFC Bank Ltd and DBS Bank India.