Do you know that some security bridges in your bank account could be linked to your carelessness? Technology has evolved to the level of synchronization. This approach is actually the most challenging to the scientists and engineers themselves. Currently, you can have up to two thousand contacts showing on your mobile phone made it possible with your Google account.
Do you think it will be wise to save your Bank Verification number on your phone? The Answer is a capital ‘NO’. This post will show you how your bank account security can be compromised with the BVN saved on your mobile phone.
If you have heard some people say that money was debited in their bank account without alert or that their bank account was used for transactions without their authorization, some of such activities can be linked to a BVN exposed to criminals that capitalized on it to execute online fraud.
WAYS BVN COULD BE SAVED IN A MOBILE PHONE
AS A TEXT MESSAGE (SMS)
Your BVN could be saved as a text message on your phone. This option is possible for those who received their BVN as a text message from someone or from the bank. If such is the case, it is better to delete the text message immediately. Some people can neglect the importance of deleting such messages especially those that using need their BVN. Please note that once your phone mistakenly downloads a keylogger virus your text messages could be made visible to hackers if the right permission is granted to the app.
AS A CONTACT
It is very possible to have your BVN saved in your phone contact. Some people do it by typing the BVN in telephone number Row and typing the name ‘MY BVN’ or ‘BVN’ in the Name row. Once the ‘Save’ button is clicked, the BVN saves directly into the contact folder. There is a list of options in saving contacts on mobile phone such as:
And sometimes other options may be included for advanced smartphones.
Most phone contact saving is Google account which is very good due to the large space available in the Google account to save as much contact as possible. However, the risk associated with saving your BVN in the Google account is that it will be very easy to view by anyone who hacked your Google account. The person can do that by simply visiting the contact page in your Google account. Once that is successful, your bank account will become vulnerable to hackers.
Saving the BVN in your SIM Card memory is a bit safe except that SIM Card has low memory and sometimes doesn’t need many files in its memory. The only risk associated with such action is that if someone steals your SIMcard or puts it on another mobile phone your BVN saved inside the SIMCard will be showing on the new mobile phone. This will also render your bank account vulnerable to attacks.
Assuming you choose the option of saving it in the memory card, the same security risk is involved. The memory card will reveal your BVN to someone else if you lost your phone and the memory card is inserted into another phone.
The last of option is saving in the phone memory, this option is no safe though safer than SIM Card memory and Memory Card, it has the potential of being visible to hacking apps mistakenly downloaded on the phone.
AS A SCREENSHOT
Some people take a screenshot of their BVN once it has displayed on their phone screen after dialing the code and thereafter, forgets to delete the screenshot. The risk associated with such savings will be based on the memory the screenshot was saved into. For instance, if it is saved in your memory card, it will be visible to anyone that steals your mobile phone. Saving it in Google drive means, anyone that hacks your google will see your BVN screenshot.
WHY YOU SHOULDN’T SAVE YOUR BVN
Considering the above security bridges, it is not advisable to save your BVN in your mobile Device. It is not about how you saved it, rather it is about not saving it at all. Your BVN is a very sensitive set of numbers that the Central Bank of Number uses to recognize you and your financial history. It is better to only view your BVN by dialing the code when you need it. Do not save it on your Mobile phone or and electronics devices to be sure you are not exposing your bank account to fraudsters.