Market Overview

Research and Markets: Mobile Banking Security


Research and Markets ( has announced the addition of the "Mobile Banking Security" report to their offering.

'Mobile devices do create new risks, but they can also help to make online banking considerably more secure'

Ron Condon: Author and Senior Analyst, Goode Intelligence.

Mobile Banking Security provides an insight into the current state of mobile banking security. This 40+ page report analyses the importance of security for mobile banking and investigates how technology vendors and banks are deploying solutions to prevent fraud and identity theft.

Features Interviews with Leading Stakeholders Including: KPMG, Trusteer, RSA, Entersekt, Entrust, SecurEnvoy, ISACA, Encap, Monitise

Can Banks Get Security Right For The Mobile Banking Channel?

The report shows that there is a great opportunity for banks to benefit from the immediacy that smart mobile devices (SMDs) offer. However, Goode Intelligence believes that there are still significant risks in adopting these exciting new communication channels and that they must be counteracted before consumers confidently accept them.

With the rise in mobile malware and cases of bank Trojans attacking mobile-based authentication solutions, banks must be vigilant and offer their customers a blend of security combined with excellent user experience.

Condon believes that the key to successful adoption for mobile banking services is a stellar user experience: Heavy-handed security measures can often spoil the mobile user experience. Take authentication. If the bank customer has to use a hardware token to provide strong two-factor authentication (2FA) to access their banking service on a mobile device than this can completely destroy the user experience and lead to frustration. Security must blend in with the mobile banking experience.

Who should read this report?

This report is aimed at banks implementing mobile banking solutions and solution providers that are enabling secure mobile banking services to be built. This includes banks, technology vendors, mobile phone OEMs, mobile network operators/carriers, trusted service providers, security professionals and investors.


Ron Condon

For more information visit

Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: IT Security, Banking, M-Commerce

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