The Migration to Mobile Computing Will Accelerate and the Flaws of Mobile Operating Systems Will Become Known
Look out for Windows 95 level security on iOS, Android 4 and even Windows 8 as consumers continue to connect to bank and investment accounts - as well as other important personal and professional data - on smartphones and tablets, says Dakin.
As of today, there is no way to secure an unsecured mobile operating system (OS), Dakin notes, adding that that some risks can be mitigated, but many vulnerabilities remain and this lack of mobile device and mobile network security will drive protection to the data level. Expect to see a wide range of data and communication encryption solutions before you see a secure mobile OS, he says.
He also predicts this lack of security, combined with the ever-growing adoption of smartphones and tablets for increasingly sensitive data access, will result in a systemic loss for some unlucky merchant, bank or service provider in 2013, that will affect more than 1 million users and cause a loss of at least $10 million.
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio