How Can I Secure My USSD Banking? - Business - Nairaland
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What Is Going On With Ussd Banking In Nigeria / Over 9.5m Nigerians Use First Bank’s *894# USSD Banking Service / USSD Banking Service Charge: The Nigeria Exploitative Standpoint. (2) (3) (4)
| How Can I Secure My USSD Banking? by okoliobinna84(m): 12:35pm On Aug 01, 2018 |
I have always been worried about the security of USSD banking until I got this message from my bank. "Send money to loved ones & friends from your FirstBank account. Dial *894*Amount*AccountNumber#. For enquiries, call FirstContact on 01-4485500. You First." This transaction can be done by anyone that has access to my phone. Nairalanders is their any clue on securing my account  2 Likes |
| Re: How Can I Secure My USSD Banking? by Nobody: 1:03pm On Aug 01, 2018 |
Before a successful transaction you will be required to register your details and create a four digits pin to secure your transaction. Unless you're tricked off your pin by social engineering, i see no reason to panic as the USSD banking remains a secure gate way couple with daily transaction limitations. 23 Likes 3 Shares |
| Re: How Can I Secure My USSD Banking? by danielblessing(m): 1:04pm On Aug 01, 2018 |
 the guy above me though anyway, back to post. There are two level of security in Mobile networks (in this case GSM) 1. AirInterface Security 2. Core Network Security For the AirInterface (Radio Interface between MS and BTS) it can be encrypted or unencrypted (depend on network setting) To cut a long story short, You must have avoid the following for a safe and successful USSD banking: Do not reveal your PIN or BVN to a third party. Do not repeat a transaction delayed or interrupted by the network. This is because the transaction might have been processed. If you repeat such transaction your account might be debited twice. All you need do is to wait for an hour or more for a notification on such transaction. Also, password protect your phone, use antivirus mobile app, and don't install unofficial apps(which could monitor your Keylogs in the long run) Case closed... 11 Likes 2 Shares |
| Re: How Can I Secure My USSD Banking? by inoki247: 1:04pm On Aug 01, 2018 |
thats FirstBank ussd Code is secured with a 5digit pin known to you only ones activated... if you follow that process you will be ask to input your pin to confirm.. 10 Likes 1 Share |
| Re: How Can I Secure My USSD Banking? by DannyJ19(m): 1:04pm On Aug 01, 2018 |
lol....My friend used my card for an online transaction with a wrong pin and it was successful... Naija Bank is totally not secured. |
| Re: How Can I Secure My USSD Banking? by pawesome(m): 1:04pm On Aug 01, 2018 |
USSD must be used with your pin Na... Haba You have not tried it and you have already assumed that no pin is required 2 Likes |
| Re: How Can I Secure My USSD Banking? by tstx(m): 1:04pm On Aug 01, 2018 |
pin lock.... lock your sim card 1 Like |
| Re: How Can I Secure My USSD Banking? by Issakendrick: 1:05pm On Aug 01, 2018 |
DannyJ19: |
| Re: How Can I Secure My USSD Banking? by crowbar(m): 1:05pm On Aug 01, 2018 |
USSD transaction can only be authorized by you via your 4 - 5 digit security Pin. |
| Re: How Can I Secure My USSD Banking? by NaijaTechGuy(m): 1:05pm On Aug 01, 2018 |
I believe you have a pin for USSD transactions. Nobody can use your account without your PIN |
| Re: How Can I Secure My USSD Banking? by flex04(m): 1:06pm On Aug 01, 2018 |
This stuff needs a regular checkup, but most doesn't know this Tips for Making Safe Mobile Transactions  |
| Re: How Can I Secure My USSD Banking? by Dami12345: 1:07pm On Aug 01, 2018 |
okoliobinna84: If you find one lemme know. |
| Re: How Can I Secure My USSD Banking? by rhythyson: 1:07pm On Aug 01, 2018 |
okoliobinna84: You need special one time password which is only know to you and without it no transaction can go thru. so no fear by the way how much you get for account sef? 1 Share
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| Re: How Can I Secure My USSD Banking? by iamleumas: 1:07pm On Aug 01, 2018 |
Pk |
| Re: How Can I Secure My USSD Banking? by dominique(f): 1:08pm On Aug 01, 2018 |
I don't know about first bank but for GTB, you have to enter your token code or 737 pin before you can complete your transaction 1 Like |
| Re: How Can I Secure My USSD Banking? by Opinionated: 1:09pm On Aug 01, 2018 |
Okay. |
| Re: How Can I Secure My USSD Banking? by blesson04(m): 1:09pm On Aug 01, 2018 |
Hi Nairalanders i have a question to ask before purchasing some items (Chinese Yuan) - ¥ 1 = ₦ 52.7009 while - 1 NGN = ₦ 0.0188342 to Chinese yuan Now if i want to purchase an item which is E.g ¥ 50 Will bank change it this way ¥ 1 = ₦ 52.7009 x 50 OR Naira to yuan which is 1 NGN = 0.0188342 x 50 Thanks |
| Re: How Can I Secure My USSD Banking? by Mikeross62: 1:09pm On Aug 01, 2018 |
the only way is don't reveal your password |
| Re: How Can I Secure My USSD Banking? by donbachi(m): 1:10pm On Aug 01, 2018 |
Reset ur OTP pin or phone security |
| Re: How Can I Secure My USSD Banking? by strangest(m): 1:11pm On Aug 01, 2018 |
get a finger print phone too... 1 Like |
| Re: How Can I Secure My USSD Banking? by obaataaokpaewu: 1:11pm On Aug 01, 2018 |
The same way I have reservations for MTN's OnDemand *904# USSD. This one does not even ask for any pin. One can buy airtime with from your account without any security 1 Like 1 Share |
| Re: How Can I Secure My USSD Banking? by springtech(m): 1:12pm On Aug 01, 2018 |
At the point of confirming the transaction PIN CODE or the last 4 digits of your ATM CARD will be required. I feel it's kindda secure. |
| Re: How Can I Secure My USSD Banking? by Yinxies(f): 1:12pm On Aug 01, 2018 |
Do not share your PIN with anyone. And do not use same PIN as your ATM Card PIN very secure and easy to use |
| Re: How Can I Secure My USSD Banking? by Edipee(m): 1:17pm On Aug 01, 2018 |
blesson04:The first is correct. 3 Likes |
| Re: How Can I Secure My USSD Banking? by foolishyou: 1:18pm On Aug 01, 2018 |
Nothing will happened to your account (it is safe) provided u didn't save your 5-digit password u used to activate ur mobile banking in the phone. I lost my phone more than 3 time, even with first mobile banking application installed and activated. But some one with ur lost phone can recharge your line in the phone with d ussd *894*amount#. He can't recharge another number because it requires password. 1 Like |
| Re: How Can I Secure My USSD Banking? by Cherishpearl: 1:19pm On Aug 01, 2018 |
obaataaokpaewu:......pls answer cuz my phone is always open |
| Re: How Can I Secure My USSD Banking? by Nobody: 1:20pm On Aug 01, 2018 |
obaataaokpaewu:if your recharging for yourself, it won't ask for your pin because your line is attached to your account. But if you want to recharge for a third party, it will definitely require your Pin. |
| Re: How Can I Secure My USSD Banking? by BIXYBABE: 1:23pm On Aug 01, 2018 |
Abeg where my husband phone 1 Like |
| Re: How Can I Secure My USSD Banking? by foolbuster: 1:31pm On Aug 01, 2018 |
okoliobinna84: There is no way to fully secure your account if you use ussd codes for banking. Of course there is an acceptable level of security provided by the service providers but as has been proven numerous times, criminals always device a way to bypass this security. The safest way is have an extra bank account that that is not linked with any of the banking app or ussd code services. Meanwhile try to use a unique password/pin for your banking transactions. Never use this pin/password anywhere else or on any other app or saved anywhere. |
| Re: How Can I Secure My USSD Banking? by airsaylongcon: 1:32pm On Aug 01, 2018 |
Never use USSD. Never have, never will |
| Re: How Can I Secure My USSD Banking? by poweredcom(m): 1:34pm On Aug 01, 2018 |
Yinxies: Simple no mind dem Dem go de do as if dem be newbies for online transaction 1 Like |
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