"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" 

Sunday, October 27, 2013

How to Ensure Mobile Banking App Security

"From our vantage point, there’s little doubt that mobile apps have become the newest area of extreme vulnerability for financial organizations, leaving them exposed to fraud, security breaches, and other acts of piracy. With users moving in droves from PCs and laptops to smartphones, it is inevitable that malware will migrate to the new device of choice, and in rapid succession.

The stats bear this out: for example, RSA detected 350,000 malicious Android app samples in 2012, up from just 1,000 in 2011. Banking trojans found on the desktop have morphed to mobile attack mode: the Citadel trojan, one of the fiercest banking attacks online, was modified to become CitMO (Citadel-in-the-Mobile), a worm that can install itself on Android devices and intercept one-time passwords and authentication messages sent by a bank to a mobile device." Continue Reading

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