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Is iPhone Banking Safe? An Expert Answers

  • Tom Gerencer
  • Money Nation
  • July 15, 2015

iPhone and mobile banking can feel like setting foot in the jungle: You don’t know what’s in there, but you suspect a lot of it’s not good. We hear a lot of terms thrown around when it comes to iPhone banking security: 128 bit encryption, two factor authentication, security dongles—and a lot of scary anecdotes about millions of credit card account numbers being stolen from this or that company. Getting to the bottom of whether iPhone banking is safe can be confusing at best. So is iPhone banking safe?

To get a real handle on the question, ‘Is iPhone banking safe?’ we interviewed internet security expert Bruce Schneier, cryptographer, fellow at Harvard’s Berkman Center and the Chief Technology Officer of Resilient Systems. He’s also the author of various books on general security, cryptography and computer security, including the critically acclaimed …

Sidebar photo of Bruce Schneier by Joe MacInnis.