Many users question whether the bank’s actions will really help reduce fraud, or if this is another way to violate their privacy.
Starting from March 23, people who want to open a bank account, conduct online transactions, or view their activities in the banking application must grant the application permission to access their location. According to the Mexican Banking Association (ABM).
This measure is aimed at preventing money laundering, terrorist financing and preventing fraud, but many users call this regulation intrusive and a danger to their privacy.
“The issue of geographic location is really not a new issue. Many applications will make requests when they provide services, such as travel apps or food ordering apps. Although the banking industry is more popular among users, it’s not active 24/7. Of course, What must be scrutinized carefully is the processing that will be performed on this data and to achieve this stated purpose, that is, banks should not use it for other purposes,” senior analyst Roberto Martínez told Expansión. In Kaspersky Latin America.
Since March 23, anyone who wants to open a bank account, conduct online transactions, or view their activities in the banking app must grant the app access to their location. According to the Mexican Banking Association (ABM).