To reduce your chances of falling victim to fraud, when you bank online via your smart phone you should:

*Only download mobile applications directly from your bank, they are free to use and you can download without any reservations about the software.

*Download any free security software provided by the bank, we all know that having to enter additional passwords can be frustrating but if it prevents an attempted fraud then it could be worth the inconvenience.

*Install quality security software. Often if you have it installed there is a remote deletion option that means you can delete any data stored on the phone if you discover it’s lost or stolen.

*Set up your smart phone to be more secure. Use a PIN or password to lock your phone when you’re not using it.

*Make sure your phone’s browser doesn’t automatically input your passwords or usernames for you.

*Switch off the Bluetooth function on your mobile when it is not in use. This will stop any unmonitored wireless activity on your phone. You can take this further and avoid accessing your bank accounts from public networks, if you are happy to restrict where you log on.

*Avoid ‘Jail-breaking’ your iphone. This is where you modify your iphone to allow the installation of unofficial applications that have not been approved by the provider. Doing this removes certain security features that protect your phone from remote access. There are already worms that take advantage of ‘unlocked’ smart phones which target online banking data.

*Register your mobile to the Immobilise property register, although this won’t protect you from fraud or theft if it does get recovered there is a better chance of you being reunited with your property.

*Delete any text messages from your bank when no longer needed, so that any information they’ve sent to you is not sat in your inbox.