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The Mobile Banking Revolution Has Arrived But Cyber Heists May Ensue, Warns The Bunker - Information Security Buzz
Reported by informationsecuritybuzz.com
The Competition and Markets Authority (CMA) has announced changes in the banking industry that will enable customers to access the details of their entire finances through a single mobile phone app by 2018, raising inevitable security concerns. Not only will banks have to bolster security within their mobile banking applications, but they will also need to make sure that everyone within the supply chain meets the security requirements for these big changes in service provision, in order to mitigate the security risks. This is according to Phil Bindley, CTO of The Bunker.