How safe is your mobile banking app?


Mobile banking brought about what is probably the biggest revolution in banking industry so far – the convenience of ‘banking on the go’. With the spread of smart phones, mobile banking increased in popularity, so much so that IDC expects mobile payments will exceed 1 trillion by 2017. But with this convenience of anytime anywhere banking, came a host of security concerns. A study of banking apps last year revealed almost 90% contained critical security issues.
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