NEW YORK(CBS2) — Smartphone apps are being made to make every facet of life easier. One popular trend in apps is banking by phone. Many banks now allow customers to conduct their banking via cell phone the same way that they would on a computer.

But with added convenience comes the added risk that personal financial information could fall into the wrong hands.

In this edition of Ask Asa, CBS 2′s Asa Aarons takes a look at banking by phone and explains how to minimize risk when doing so.

If there is something that you would like to ask Asa about you can contact him here.