Posted on Monday, February 12th, 2007 at 12:50 pm
The financial services industry is building a raft of mobile services that haven’t been sufficiently protected against security threats, TowerGroup said yesterday.
In a report entitled “Fraud, Virus and ID Theft: Mobile Malware Stands to Create a New Beginning,” TowerGroup suggests that 2007 will be the year that new banking and payment initiatives in the mobile channel will be increasingly targeted by those engaged in fraud and identity theft. These targets will include smartphones and PDAs, as well as transactions in which a mobile device acts as a credit or debit card.
