By: Ron Schwarz, Chief Retail Officer

Smartphones are changing the way we bank, do business, and stay in touch with friends and family. And while these products do make our lives easier and more enjoyable, they can also leave you vulnerable to fraud. Nearly 12 million Americans were victims of identity theft in 2011 and this number is growing with smartphone and social media users 1.

According to a 2012 Javelin Strategy and Research Survey on Identity Fraud 7% of smartphone owners were victims of identity fraud – this is a third higher incidence rate compared to the general public. ...