Mobile security and malware prediction

TowerGroup predict that cyber-criminals and identity thieves will be focusing on mobile phone banking this year. According to them,

“Over 200 mobile viruses have already been identified, a number that is doubling nearly every six months.”

They note that the current mobile commerce options offered by the financial services industry are not robust enough when it comes to security. More people are using their handhelds for financial services and other mobile commerce functions, and so “… the mobile commerce industry beyond financial services players must step up to take more aggressive and immediate action to circumvent the potential of fraud and theft.”