Revolut launches new security feature to thwart phone thieves

Revolut is rolling out a new security feature which stops pickpockets and phone snatchers from getting into your hand earned savings.

Many banking apps rely on just one biometric authorisation built into mobile devices, usually when opening the app. This helps to stop fraudsters transfering money out of their Savings & Funds or Pockets — even if their phone security has been compromised.Revolut will be one of the first to implement such a Wealth Protection feature and is doing so ahead of a busy summer travel and festival season, which brings with it greater risk for theft at large-scale events and crowded tourist hotspots.

Source: Holiday News (holidaynews.net)

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