The adoption of third party mobile security solutions is still very limited across the global spectrum of mobile users, thus the greatest level of threat that mobile banking faces has become the very platform of the transactions. Let us assume that the mobile phone is the next great platform of the digital future and instantly the security that many take for granted on their cell phone becomes a significant bargaining chip for mobile application developers. On the other hand, as mobile users are already beginning to experience mobile advertising on their once sacred mobile space one can not help but exercise concern regarding the origination of the content. Again touching on the limitations of handset level security that are so common throughout the mobile industry, we start connecting the dots of the handset as the weakest link of mobile banking. You get an unassuming mobile advertising (spam) message delivered to your handset and before you know it your seemingly safe mobile banking is compromised from the inside. I look for many of the banks to start partnering with mobile security firms to address these mobile vulnerabilities head-on, but until then remember to be on the lookout for your own mobile security. read more

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