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Submitted questions will be answered by an Arvest banker and may appear on the Arvest Blog.

Is Mobile Banking Safe?

Tuesday, December 30 at 04:59 PM

Mobile Banking is safe, and the application is protected with two-factor authentication and encryption of offline data storage. Mobile banking requires a 6-digit PIN to access the application, and all data placed into local storage on the mobile device is encrypted. This ensures that if the mobile device is lost or stolen, the data stored locally for the Mobile Banking application is unreadable as individual data.  As long as your PIN is unknown, your personal information remains unaccessible.

A few other features about the safety of Arvest Mobile Banking include:
- 128-bit encryption protects your data
- Set your own 6-digit PIN
- No personal data stored on your phone
- Manage your own Mobile Banking account online


As with any service where your personal privacy and data is involved, you should keep your login PIN private to prevent unauthorized access.  Our Mobile Banking will allow you to change your PIN as often as you like, or deactivate your phone if lost or stolen from inside the secure area of Arvest Banking on the Net.    Visit www.arvestmobile.com for more detailed information, a demo and FAQs on Mobile Banking.

To sign up for Mobile Banking, look for the "Mobile Banking" tab inside Arvest Banking On the Net.

 

 

1 Comment
 
 

     Be warned.... it is possible to crack a PIN number.  Take this as an example.... it is regarding bluetooth mostly, but most phones today are equipped with this technology.  http://www.eng.tau.ac.il/~yash/shaked-wool-mobisys05/#SECTION00045000000000000000 title="Cracking Bluetooth PIN"> Cracking Bluetooth

 

While this does apply to bluetooth technology, it is also possible to crack a short PIN in a very short amount of time since with six digits there are only 999,999 possible numbers.  A computer today can easily process that in moments under a brute force or dictionary type of attack.

 

I do not mention this to scare anyone, the technology employed by the bank is secure but it I would recommend at least to change your PIN at least monthly.

 
techhead on 5/12/2009 at 7:07 AM
 
 
 
 
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