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Top Risks of Mobile Banking

Julie McNelley: Mobile banking will represent many of the same threats and risks that online banking has in the business environment. She says it will be critical for banking institutions to have cross-channel monitoring to mitigate risks. “We’re already seeing these Trojans and all those variants appear in the mobile channel, compromising credentials,” she says. The risk continually increases with the consumerization of devices, such as iPads, she says. The bad guys aren’t targeting mobile channel yet, but everybody expects that will change as the volume and value of payments flowing through the mobile channels increases.”]

Source: https://www.cuinfosecurity.com/top-risks-mobile-banking-a-4559

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