


In 2016, malware like " Godless" that can root up to 90% Android devices are found in the wild.Ī quick look at the analytics done by Kaspersky lab shows the number of Mobile Banking Trojans is going up.

Mobile malware history goes back to at least the year 2000, when the first know mobile malware “ TIMOFONICA” was detected by researchers. What is Mobile Malware?Īs with any malware, mobile malware is a piece of code written to attack a smart phone or similar device. This article is directed toward some of the most notable (and exploited) vulnerabilities in the mobile space. With mobility being an unstoppable force, organizations need to understand this risk vector to adequately plan for and mitigate threats. The primary concern for not adopting mobile for banking was security. Per the findings of the Federal Reserve, mobile banking usage is at 67% for the age group of 18-to-29. The new generation needs banking to be mobile-friendly. Mobile devices are rapidly becoming the instrument of choice for digital users, impacting the financial sector as well.
