Consolidating files in itunes 10
Walsh says these rogue apps are especially prevalent in third-party app stores, so users should download mobile banking apps only through the i Tunes app store or Android’s Play Store, and check closely before downloading to see if the app developer is your bank or other reputable app developer.
For instance, the security firm Praetorian found that 8 of 10 mobile banking apps contained security weaknesses, a report released in December says.“They’re failing to meet very basic security best practices,” says Praetorian Vice President Paul Jauregui.He expects security to improve over time just as security improved over the years with online banking.But in the past couple of years, new malware on smartphones, particularly Android phones, has exploded, says Robert Siciliano, an online security expert with Mc Afee.He says that because the Android operating system is open-sourced, it’s easier for people to create malware for it.Shirley Inscoe, a senior analyst with Aite Group, says mobile banking is pretty safe in today’s environment.
But that could change as more consumers move to mobile and as banks add more complex capabilities to their mobile banking apps to meet consumer demand.
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“Banks may not think they need to protect it, but a bad guy who is looking for a way in can inject some code in here,” Walsh says.