A security firm finds that mobile apps often store sensitive financial data, highlighting the industry's need to implement stronger encryption and authentication measures for mobile banking apps.
Jason Rouse, security consultant, says financial institutions can overcome the mobile security challenges with a little foresight and structured technology.
Mobile payments are the future, and so is a migration to EMV chip and PIN. But the financial industry has quite a few more investments in technology upgrades it needs to make before any significant movement can be made.
Mobile devices, by their nature and reliance on wireless connectivity, have inherent security vulnerabilities. But those vulnerabilities can be overcome.
This week's top news and views: Fraudsters target smaller merchants that might not be PCI compliant. Also, Kevin Sullivan on why anti-money laundering is so important.
Mobile banking today is what online banking was a half-dozen years ago. Not just a service you should offer, but one you must if you wish to just keep pace with customer demand.
There are new dynamics shaping privacy and the privacy profession today, and ultimately there are new skills demanded from professionals to successfully embrace the future.
Mobile banking is a given. Payments are the next frontier, and a number of technologies, such as remote deposit capture, are converging to make mobile payments readily accessible to consumers.
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