Banks and credit unions that don’t take steps now to anticipate mobile banking and payment risks will suffer consequences in the long run, according to new research from BITS, the technology policy division of the Financial Services Roundtable. Mobile banking and payments will continually change, and the expectation among security and mobile experts is that the mobile channel will soon become consumers’ primary financial-services platform. And the more mobile users, the greater the security risk. The top six areas of concern are: Rapid growth, security and privacy issues. Anticipating new risks will be paramount as adoption of mobile banking grows.”]
Source: https://www.bankinfosecurity.com/6-top-mobile-banking-risks-a-4735