---
title: "Mobile Banking Security Concerns on the Rise for Financial Institutions"
url: "https://thecybersecurityplace.com/mobile-banking-security-concerns-on-the-rise-for-financial-institutions/"
date: "2015-05-27T06:57:33+00:00"
section: "Mobile"
tags:
  - "Android"
  - "Mobile Security"
source: "itsecurityguru.org"
source_url: "http://www.itsecurityguru.org/2015/05/26/mobile-banking-security-concerns-on-the-rise-for-financial-institutions/"
---

# Mobile Banking Security Concerns on the Rise for Financial Institutions

May 27, 2015 · Reported by itsecurityguru.org

> It’s been almost a year since what some analysts consider the first successful major threat to mobile banking, known as Svpeng, hit the United States. Spreading via a text message campaign, the Svpeng malware went after Android phones. While Svpeng didn’t steal mobile banking credentials, it did detect the presence of certain mobile banking apps and then locked those phones for ransom.

[Read the full article at itsecurityguru.org](http://www.itsecurityguru.org/2015/05/26/mobile-banking-security-concerns-on-the-rise-for-financial-institutions/)

**Tags:** [Android](https://thecybersecurityplace.com/tag/android/) · [Mobile Security](https://thecybersecurityplace.com/tag/mobile-security/)