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Fraudulent mobile applications will threaten mobile banking security

Nick Holland, Senior Analyst, Aite Group



The first shots are being fired in the next major battle in the war on data security -- the mobile channel.



Even at this early stage, we have seen cases of malicious applications found in mobile-application stores, some purporting to be from legitimate financial institutions, such as HSBC Holdings plc. and United Services Automobile Association (USAA). In fact, Google removed a number of malicious applications from the Android marketplace in December.



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Posted by John B. Frank Thursday, February 18, 2010

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