A Woman Lost $1200 After Her Phone Was Stolen
Mobile App

Beware While Using Banking Apps On Your Cell Phone And Here is Why

$12000 were stolen from a Woman's account using her cell phone in Denver

Beware While Using Banking Apps On Your Cell Phone And Here is Why

Smartphones may have blessed us with the uncountable benefits but it could be the most dangerous thing if falls into the wrong hands.The smartphone with popular mobile banking apps could lead you to a great loss and a recent incident with Taiya Andrews in Denver has proved that right.

Taiya Andrews, a Denver women has lost her cell phone and it costs her $12,000 from her bank accounts. She fought for hours with the bank authorities but all that wasn't helped her to get her money back. All this happened when she was at a bar in Denver and accidentally go jolted by a man after few some time she realized she had lost her cell phone but that was too late. Afterwards, her phone was used to draw $1200 dollars from her bank account.

Denver police have recorded 11 similar cases of stealing money using the victim's cell phone in the city. ”This was something new to us," said Sgt. Timothy Blair, Denver Police Department with them. He continued, "It's just like losing your credit card." The police department also said that the banking and money transaction apps could leave your confidential bank account details pregnable and can help the thieves in stealing money from you. “They like to steal a couple of phones and they can move the money back and forth and then the money can be offloaded to another account," said Sgt. Blair.

In the case of Andrews, someone called her boyfriend using her cell phone and addressed himself as the owner of the bar where she lost her phone. Then he asked her for the phone's password to verify if the phone belongs to her. “I spoke with this person on the phone... he gave his name, a name, he introduced himself like that was definitely an uneasy feeling," said Andrews. Due to the urge of getting her phone back as quickly as possible, she gave her password to the imposter. "Even that day after I gave him the password I didn't really think even then that they we’re going to get into my bank account and my thought was, 'yeah, they’re going to resell this," Andrews added.

There are also some cases where the thief was able to draw money from the victim's phone without knowing the password mentioned Denver police department.

Things You Can Do To Assure Your Cell Phone Safety

You need to make sure that your phone’s software is updated frequently. Use separate sign in for our bank account and phone’s lock screen. You can also add one more layer of safety to your cell phone by using app lock software that keeps your apps accessible even after unlocking the phone. Use finger ID for unlocking the phone instead of crackable passwords. Contact the police, your service provider and your bank instantly in case your phone goes missing to cease any suspicious activity.

MAD Team
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