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Mobile Banking Security Insight Report
Securing the mobile banking channel
- Product Code:GOI00008
- Publication Date:October 2012
- Publisher:Goode Intelligence
- Product Type: Report
- Pages:49
Mobile Banking Security Insight Report Securing the mobile banking channel
Mobile Banking Security provides an insight into the current state of mobile banking security. This 40+ page report analyses the importance of security for mobile banking and investigates how technology vendors and banks are deploying solutions to prevent fraud and identity theft.Interviews with Leading Stakeholders
Including: KPMG, Trusteer, RSA, Entersekt, Entrust, SecurEnvoy, ISACA, Encap, Monitise
Who should read this report?
This report is aimed at banks implementing mobile banking solutions and solution providers that are enabling secure mobile banking services to be built. This includes banks, technology vendors, mobile phone OEMs, mobile network operators/carriers, trusted service providers, security professionals and investors.
Introduction to Mobile Banking Security
Five years of rapid change
Banking goes mobile
What about security?
Executive Summary
Smart phones can improve banking security
Potential pitfalls
Mobile Vulnerabilities
Mobile malware on the rise and targeting banks6
How banks need to respond
Market analysis
Business drivers for the banks
Convenience trumps security
Ease of use is essential, but poor security is a “show stopper”
Mobile could be more secure
Less malware
Personal relationship to the device
Continuous connection
Multi-factor Authentication and Verification (MFA/MFV)
Regional Guide
Introduction
The global rise of the mobile phone
Africa
Case study: South Africa
Asia
USA
Case study – Bank of America
Europe
UK
Slovakia22
Australasia
New Zealand
Rest of the world
Compliance and regulation
USA
Shifting responsibilities
Western Europe
Conclusion
Technology
Introduction
Dealing with the right person: Authentication
Multi-Factor Authentication/ Verification (MFA/MFV)
The threat landscape
Building secure apps – and keeping them secure
Test the whole system
How to keep apps secure
Handling high smart phone turnover
Broader considerations
Goode Intelligence advice summary
Technology vendors and service providers
Introduction
Encap
Entersekt
Entrust
Monitise
RSA
Beating rogue apps
Managing transaction risks across the channels
Future additions
SecurEnvoy
Trusteer
Appendix A: References"
