Is it safe to have ChatGPT on your phone?

Is it truly SAFE to install ChatGPT on my mobile device? Given the increasing concerns around data privacy and cybersecurity, what measures does the app have in place to protect my personal information and prevent unauthorized access? Should I be cautious about sharing sensitive details or engaging in financial transactions while using ChatGPT on my phone? Is there any risk of malware or viruses that could compromise my device's security? And finally, are there any known security breaches or vulnerabilities associated with ChatGPT that I should be aware of before downloading it onto my phone?