Mobile banking refers to the use of a mobile device (e.g., a smartphone) to perform online banking activities, while away from the home computer, for transferring funds, monitoring account balance and bill payments, and so on. It provides a great convenience to bank customers, but it suffers from various types of attacks that are possible on the mobile banking infrastructure. We present the evolution of mobile banking and discuss the various threats associated with it as well as some of the most recent malware attacks. Finally, we include a review of recent security solutions for enabling secure mobile banking.
|Number of pages||5|
|Specialist publication||IEEE Consumer Electronics Magazine|
|State||Published - Mar 2019|
Bibliographical noteFunding Information:
In 2005, the Federal Financial Institute Examination Council announced the rules and regulations for financial institutions to accomplish riskbased assessments. Direct banks, such as ING Direct, that operate without a physical branch started their online banking services.
© 2012 IEEE.
ASJC Scopus subject areas
- Human-Computer Interaction
- Hardware and Architecture
- Computer Science Applications
- Electrical and Electronic Engineering