Mobile Banking Security Updates - Oct 10

Mobile Banking: Emerging Threats
"Some of the biggest threats to mobile banking and payments are the ones over which institutions have no direct control. How can they mitigate these risks? Mobile banking expert Tom Wills offers advice. Telecommunications infrastructure. Third-party applications. User behavior. All are among top security challenges for global banking institutions as they expand their mobile banking and payments initiatives. And most challenging of all: These threats fall outside the institutions' direct control. So, how can banks get a handle on emerging mobile risks?"

InAuth launches voice biometrics for mobile banking
"InAuth, a company that provides mobile security software to protect financial institutions and their customers, has announced its Voice Biometrics Authentication Module, an opt-in solution that leverages biometric speaker verification technology to secure financial transactions."

Mobile banking security fears
"A new survey shows why mobile banking may take some time to catch on: Account holders are afraid. A report from California-based software security company Metaforic indicates that 68 percent of smartphone users who do not use financial apps are holding back due to security fears. According to Dan Stickel, CEO, Metaforic, those consumers have every reason to be concerned."