Consumers Use Mobile Banking But Don't Trust It, with Reason
Consumers have gotten used to using mobile banking, but that doesn't mean they trust it. Nor should they, given the escalating security threats.
Banks are facing a dilemma in using SMS messages to help authenticate their customers. On one hand, fraudsters are targeting such systems more. On the other, it is a method customers are accustomed to using.
Consumers have gotten used to using mobile banking, but that doesn't mean they trust it. Nor should they, given the escalating security threats.
Think spam is an ineffective way of spreading malware? Think again. Researchers at security firm Symantec say the moneymakers behind the banking...
Regulators want financial institutions to plan for cybersecurity upgrades, both in strategic planning and during the budgeting process. It is...