Lloyd's - anyone offer an opinion?

anotheruser

Zanderman wrote: »

And you do?

Yes, I do.
I have sufficiently read, investigated and weighed up the options.
I'm not one of those people who needs three or four programs on my PC "protecting" it. I find it hard to understand how people get into problems sometimes.

takman wrote: »

If you don't understand why a rooted phone is potentially a security threat to banking apps then you really shouldn't be using rooted devices until you read up on it.

If you root your device you are now able to access the root directory of the banking app and the files within it, you are also able to give this access to other apps running on your device. The banking apps havn't been designed or tested with this access in place so this has to be considered a security issue.

But I do understand the "risks".
I've had a rooted device for nearly 10 years. I've had zero problems or security "hacks".
But you've said it right. I allow access to the root directory, I allow apps to access it, nobody else. And thus, it's safe. Restricting app usage to what is a small amount of people serves no real purpose. I wonder what stats they have from people who have rooted devices, and the app, and somehow have had something go wrong with their banking.

FYI, banking apps are just that, an app. No I formation sensitive files are stored on devices. There might be a file with a username yeah, but it's useless without my password, which isn't stored on the device, or my thumb print, which isn't stored anywhere either.

They don't cut people off who run older operating system, which is more of a risk than rooted phones...