Blog Posts Tagged with "Mobile Banking"

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A Security Lesson from Down Under: Australia’s Banking App Malware Theft

April 20, 2016 Added by:Harvey Boulter

The technology exists for banks to provide spoof-proof communications internally and to their customers, to avoid attacks such as those against the Android apps of major Australian banks.

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Consumer Banking Security Products and Services

May 10, 2012 Added by:Robert Siciliano

All the conveniences of digital banking have its set of risks which requires upgrades in card technologies and authentication. In response banks have provided numerous methods for protecting your personal information and also making your banking experience more secure...

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Online Banking vs. Mobile Banking

May 03, 2012 Added by:Robert Siciliano

Mobile banking can offer additional security by enabling text-backs, as a second form of authentication. If you use your smartphone to access your bank’s website directly, it may recognize that you are using a mobile browser and automatically offer you a dedicated application...

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When Will PCI SSC Stop the Mobile Payment Insanity?

April 10, 2012 Added by:PCI Guru

The merchant is left to their own devices to know whether any of these mobile payment processing solutions can be trusted. I am fearful that small merchants, who are the marketing target of these solutions, will be put out of business should the device somehow be compromised...

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Remote Deposit Capture (RDC) Could Escalate Fraud

November 22, 2011 Added by:Headlines

"With banks and financial institutions expanding this service to a retail customer base that often undergoes less stringent due diligence than do their commercial customers, is the potential for fraud increasing?"

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SpyEye Trumps Mobile Banking SMS Security Systems

October 06, 2011 Added by:Headlines

"This latest SpyEye configuration demonstrates that out-of-band authentication systems, including SMS-based solutions, are not fool-proof... Using a combination of MITB technology and social engineering, fraudsters... fly under the radar of fraud detection systems..."

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Smartphones and Banking Application Security

September 22, 2011 Added by:Brent Huston

As device manufacturers continue to add processing power and storage capacity, and platform vendors provide more applications for generating and consuming data, security will become a greater concern as attackers look upon it as their new playground...

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New SpyEye Variant Targeting Android Devices

September 15, 2011 Added by:Headlines

The new variant is designed to harvest text messages that contain a one-time use code sent to customers by institutions as an added security measure for clients engaged in mobile banking transactions, making SpyEye an even more powerful tool for stealing financial login credentials...

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Mobile Banking More Secure than PC E-Commerce?

August 23, 2011 Added by:Robert Siciliano

Over the past decade criminals have learned the ins and outs of exploiting online banking using PC’s. In the past 15 years or so, the desktop computer has been hacked in every possible way, making the computer and the data it contains and transmits extremely vulnerable to fraud...

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