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. In addition to the rogue mobile apps, a key issue is capturing user credentials which can then be used to gain account access and commit fraudulent transactions.
In this session we will discuss:
Which new vectors are being introduced and how do we prepare for them?
Why is poor security endemic in mobile applications?
Best practices for employing mobile security.
It is estimated that an additional 26 Billion new devices will be connected to the Internet by 2020 - driven by the Internet of Things (wearables, smart factory sensors, online utility meters, automotive systems, etc.)
New devices will be lightweight, limited CPU and Memory capabilities (e.g. fitness band)
They may have a limited user interface/user display capabilities
They will be online with the ability to be updated and share data through the network connection
And they can be remotely controlled...
Cybercriminals are noticing this trend, too...and taking advantage. With the growth of smartphone usage and the increase of personal data such as financial information, the threat landscape for mobile is becoming just as prolific.
Register for this session to discover how to combat mobile insecurity.
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Jacobi brings over 20 years of senior marketing and security experience. Most recently he was responsible for developing and leading the AppScan and Policy Tester Web Application Security and Compliance go-to-market product strategy for IBM Corporation, having joined IBM after the acquisition of Watchfire in 2007. Prior to Watchfire, Jacobi held several senior marketing positions, including Sr. Product Marketing roles for Identity and Access Management products at Citrix Systems, and for Distributed Database Recovery Solutions at BMC Software.
Payments Risk Expert, Retail Payments Risk Forum, Federal Reserve Bank of Atlanta
Lott is a retail payments expert with the Retail Payments Risk Forum of the Federal Reserve Bank of Atlanta and has more than 35 years of experience in the retail banking and payments industries. As part of the team at the Retail Payments Risk Forum, Lott works with payments stakeholders in researching payment systems and products, focusing on risks and mitigating strategies. A key area of focus for his present work is customer, transaction and data security issues. As such, Lott has done considerable work with the wide range of card and payment technologies including card; mobile devices such as tablets and phones; other payment form factors, and their various delivery channels including ATMs, online and call centers. Lott works with representatives from the Federal Reserve Bank in Boston in facilitating the meetings of the Mobile Payments Industry Workgroup. He is a member of the BITS Payment Card Fraud Sub-Group as well as a representative of the Federal Reserve Bank of Atlanta in other inter-agency and intra-Federal Reserve System working groups.