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

Mohammad Wazid, Sherali Zeadally, Ashok Kumar Das

Research output: Contribution to specialist publicationArticle

42 Scopus citations


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 languageEnglish
Number of pages5
Specialist publicationIEEE Consumer Electronics Magazine
StatePublished - 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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