"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 

Tuesday, August 21, 2012

Mobile Banking Security - Aug 21

Mobile banking fraud hits Brazil
"It finally hit – in Brazil which reminds me of how Internet banking fraud started – also in Brazil. It looks like the same mode of attack. One mobile device is used to illegally access multiple online bank accounts and to transfer money out of them to new payees or existing mule accounts. Apparently, the banks in Brazil are more liberal with online banking functionality (e.g. money transfers) on mobile devices than the North American and European banks are."

Is mobile banking really safe?
"Your smartphone is your camera, your calendar, and your communications center. Why shouldn't it be your bank too? Between apps, the browser, and text messaging, you can check balances, pay bills, transfer funds, receive alerts, and even deposit checks on the go. Some 29% of U.S. mobile users already deploy their devices for such purposes, Javelin Strategy & Research reports."

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