Mobile banking is growing out of its infancy and experts predict it will soon be the dominant banking and payments channel. However, with mobile operating systems and their varying support of security best practices, multiple new threat vectors are being introduced and many are already being widely utilized for malicious purposes. There are now more than 10 million rogue mobile apps in circulation, with hidden malicious features such as those for monitoring and capturing user activity through to bypassing mobile banking authentication mechanisms. In this session we will discuss:
See Also: Faster Payments, Faster Fraud?
- Which new vectors are being introduced and how do we prepare for them?
- Why is poor security endemic in mobile applications?