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You're likely to spend a large amount of your day on an internet-connected device. You might use a computer as part of your job, make lecture notes on your tablet or use your phone to video message your family.

Your whole life can be on a computer, laptop or smartphone – that's why the prompt of a software or app update can seem a bit inconvenient. It's so easy to just dismiss this update and hit 'cancel' if you’re in the middle of something but skipping a software update can impact your financial security.

To help you protect your finances, we're taking you through the importance of updating your devices.

Why should I install a software update?

You're not the only one if you never accept a software update on the first request. According to Noddle, a quarter of people would rather skip this update than wait a few minutes to use their device.

But it is important that you install a software update when a prompt pops up. This is because a software update can not only mean a change in layout or display but it can also protect you against malware and security exploits.

Security software is only as up-to-date as the information available at the time it was developed. In the meantime, hackers are coming up with new ways to attack their victims. That means even if you installed a new piece of software a few months ago, it could already be open to new viruses.

There can be some serious issues if you do not keep your software up-to-date. These include viruses like ransomware, cyber-criminal attacks and poor performance of your device such as crashing or freezing.

How do I know when to update?

You will usually receive a notification on your screen when it's time to update your software. But be careful as there are some fake upgrade invitations used by fraudsters – here's why you shouldn't download WhatsApp Gold.

To update iOS software on your iPhone or iPad, you'll see a red dot appear in the corner of the icon for the 'App Store' app with a number. The alert will ask you whether you want to download and install now or later. You should do this as soon as possible. You might need to restart your device in order to complete the installation process.

You can change your settings so that apps update automatically. To do this on an iPhone or iPad, go to 'Settings' then 'iTunes and App Store' and press the switch next to 'Updates'. You should leave the 'Use Mobile Data' unselected if you only want to download updates when you have access to Wi-Fi.

If you're a thinkmoney customer and have the thinkmoney App, you should have noticed an invitation to update to a new version last month. Please make sure you update if you haven't already to make use of a quicker and more reliable App.

Image credit: ymgerman /

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