DIGITAL LITERACY
Digital literacy refers to an individual's ability to find, evaluate, and communicate information through
typing and other media on various digital platforms. It is evaluated by an individual's grammar,
composition, typing skills and ability to produce text, images, audio and designs using technology.
Digital Literacy skills are required to make effective use of digital devices like laptops,
smartphones, tablets, or desktop computers. These skills will allow students to engage,
express, collaborate, and communicate with their peers in a quickly changing world
4 Principles Of Digital Literacy
Comprehension. The first principle of digital literacy is simply comprehension–the ability
to extract implicit and explicit ideas from a media.
Interdependence. ...
Social Factors. ...
Curation.
Digital literacy's 8 elements are: Cognitive, Confident, Cultural,
Constructive, Communicative, Civic, Critical, and Creative.20-Nov-2022
What are the advantages of digital literacy?
The benefits of digital literacy include improving young learners' writing, reading,
listening, and speaking skills, getting used to authentic materials, increasing frequency
of digital technology use, enhancing online collaboration between teacher-learners and
learners-learners.
MOBILE BANKING
Digital Banking allows you to perform banking through multiple avenues like your
desktop computer, tablet, laptop, etc., whereas Mobile Banking is only accomplished via
mobile devices. Plus, you can conduct mobile Banking with the internet via banking apps or
without the internet via SMS. Mobile banking is performed on an app using a portable device,
such as a smartphone or tablet. Online banking can be carried out on any device with an
internet connection (e.g., desktop or laptop computer, smartphone, tablet) and doesn't require
users to download an app.
So, is Mobile Banking Safer than Online Banking? Whether you choose mobile banking or
online banking, you can be confident that your bank has invested in the security of these
services. However, mobile banking is a little safer when it comes to security, mainly
because this type of banking does not store any data.
The primary advantage mobile banking has over traditional banking is that you may access
your bank account anywhere if you have a smartphone. You don't visit a branch to view
your bank account balance, transfer money, or deposit checks. Mobile banking allows you to do
it from the comfort of home.
A major disadvantage of mobile banking is that it functions only if you have an internet-
enabled smartphone. You can also enjoy the services on regular mobile phones, but they are
not as extensive as those you can get through mobile apps.
The Risks of Mobile Banking
Mobile banking refers to the use of a bank’s app to access your account. This is
different from online banking, which entails logging onto the bank’s website either on
your phone or via your device’s browser. Mobile bank apps transmit data between your
device and the bank’s server. To do that without compromising your account security,
your bank app needs to “verify” you by using your unique phone ID and account data.
This gives hackers three access points to potentially breach your data and account:
On your device
While the data is in transit
At your bank’s server
The Top 10 Mobile Banking Risks and Vulnerabilities
1. Manipulated texts and calls claiming to be from your bank
2. Phishing links in emails and fake fraud alerts
3. Physical phone theft and hacking
4. Fake mobile banking apps
5. “Keylogging” malware that’s hidden in other apps
6. Trojan overlays that misdirect your transactions
7. Mobile check deposit scams
8. SIM swaps that take control of your phone
9. Wi–Fi hacking (man-in-the-middle attacks)
10. Personal banking details available for purchase on the Dark Web
(SOURCE https://www.identityguard.com/news/risks-of-using-mobile-banking-apps )
Determinants of behavioral intention to mobile banking
Understanding the intention to use mobile banking by existing online
banking customers: an empirical study
Convenience Matter in Mobile Banking Adoption Intention?
Legal Issues
The only major legal issue is privacy.(6) With everything going to mobile payments, all
transacations will be put on record.(6) This gives companies involved or even banks the
opportunity to see where the payment was made, to who, and for how much.(6) Mobile payment
is lacking the legal guidelines to prevent this, so not much can be done at the moment to make
this stop.(6) Banks and companies will then use what they saw to either support you or not as a
customer.(6)
Ethnic Issues
There are many ethnic issues with mobile payments, most arising because of the speed of the
evolving technology.(3) One is that this replaces the traditional method of carrying cash.(3) It also
increases people’s reliance on technology and they become ubiquitous to it.(3) Another ethical
issue is that mobiles enables by NFC emit radio waves that affect the body long term and may
cause cancer.(3) This theory is controversial but cases have been proven that these mobile
devices could cause Acoustic Neuroma and Glioma.(3) Acoustic Neuroma is a slow growing
cancerous tumor located on a nerve that connects the right ear to the brain.(5) Glioma is a
cancerous tumor that starts in the spine.(4) The last ethical issue is that it causes an economical
and digital divide.(3) Everyone will need to get smartphones and the families that can’t afford
smartphones are going to be out casted from the rest of the population.(3)
