{"id":4602,"date":"2013-08-06T19:42:00","date_gmt":"2013-08-06T19:42:00","guid":{"rendered":"https:\/\/evssolutions.com\/taking-the-proper-steps-for-secure-mobile-banking\/"},"modified":"2013-08-06T19:42:00","modified_gmt":"2013-08-06T19:42:00","slug":"taking-the-proper-steps-for-secure-mobile-banking","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/taking-the-proper-steps-for-secure-mobile-banking\/","title":{"rendered":"Taking the Proper Steps for Secure Mobile Banking"},"content":{"rendered":"
Attacks on banking and lending institutions are expected to
Its important to know, as part of the banking industry, that
\nincrease with the expansion of mobile
\nbanking services<\/a>. By 2015, its predicted that one in five US adults will
\nbe using mobile banking. As the number of consumers relying on mobile
\nbanking<\/a> rises and those consumers keep personal data on their mobile
\nphones, cyber criminals gain the ability to gain control of those devices and take
\nover mobile banking accounts. Thus as the demand for mobile banking services
\nrise, so does the need to create secure systems and fraud prevention
\ntools<\/a> for individual accounts.<\/p>\n
\nif you dont provide services such as mobile banking you take the risk of
\nlosing clients to competitors who do provide it. Mobile banking performs the same
\ntasks as traditional banking at a convenience to both the user and company.
\nWhile your customers are processing transactions, transferring funds, or
\nretrieving and resetting account credentials, its up to your company to comply
\nwith federal regulations and perform due diligence so their information is not
\ncompromised.<\/p>\n