News

08:26 AM
Ivan Schneider
Ivan Schneider
Slideshows
Connect Directly
RSS
E-Mail
50%
50%

5 Critical Strategies for Mobile Banking Security

To the best of their ability, banks need to ensure that their services are available and secured within any mobile phone configuration. Because absolute security is nearly impossible to attain in the mobile world, banks’ back-end systems have to be prepared to detect anomalies and fraudulent activity in the event that a front-end channel has been compromised.
Previous
8 of 7
Next

Previous
8 of 7
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
pjauregui
50%
50%
pjauregui,
User Rank: Apprentice
12/12/2013 | 4:15:56 PM
re: 5 Critical Strategies for Mobile Banking Security
Mobile developers still need to play their part by building and maintaining secure mobile banking apps.

Results from a recent study reveal that 8 out of 10 mobile banking apps contain build and configuration setting weaknesses. While the issues identified are merely informational in terms of risk, they do provide insight into the state of mobile development practices among leading megabanks, regional banks, and credit unionsGin short, basic security best practices are not being followed.

Download full report: http://www.praetorian.com/prom...
Natalie McCaughin
50%
50%
Natalie McCaughin,
User Rank: Apprentice
3/8/2013 | 10:00:36 PM
re: 5 Critical Strategies for Mobile Banking Security
I think people have become really comfortable purchasing online and assuming companies are providing some level of protection. As a consumer, its important to remember that your online security is sometimes not in your control - I was reading this blog and it was an interesting read on how to protect yourself even if you have been hacked: http://blogs.mcafee.com/consum...
Rock_Star
50%
50%
Rock_Star,
User Rank: Apprentice
7/25/2012 | 3:40:23 PM
re: 5 Critical Strategies for Mobile Banking Security
-I depend a lot on shopping online and have
always been concerned about the risk of exposing my credit card information. A
must have is asking users to telesign in to complete a transaction by using
2FA. I am not sure why not all companies use this, in fact I feel suspicious
when an online store doesn't ask me to telesign in, now it just feels as if
they are not offering enough protection.
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology - August 2014
Modern core systems are emerging as the foundations of effective channel integration and customer engagement initiatives.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
New IT Models for New Financial Services Challenges