Mobile Banking: Evolution and Threats: Malware Threats and Security Solutions

Mohammad Wazid; Sherali Zeadally; Ashok Kumar Das

doi:10.1109/MCE.2018.2881291

Mobile Banking: Evolution and Threats: Malware Threats and Security Solutions

Mohammad Wazid, Sherali Zeadally, Ashok Kumar Das

School of Information Science

Research output: Contribution to specialist publication › Article

42 Scopus citations

Abstract

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.

Original language	English
Pages	56-60
Number of pages	5
Volume	8
No	2
Specialist publication	IEEE Consumer Electronics Magazine
DOIs	https://doi.org/10.1109/MCE.2018.2881291
State	Published - Mar 2019

Bibliographical note

Funding 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.

Publisher Copyright:
© 2012 IEEE.

ASJC Scopus subject areas

Human-Computer Interaction
Hardware and Architecture
Computer Science Applications
Electrical and Electronic Engineering

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10.1109/MCE.2018.2881291

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Mobile Banking: Evolution and Threats: Malware Threats and Security Solutions

Abstract

Bibliographical note

ASJC Scopus subject areas

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