A third of businesses use mobile banking to make payments

Banking login

Not only does every other top manager make payments from corporate accounts via mobile banking, but it was also discovered that over 30 percent of companies use mobile devices to access corporate bank accounts and to make financial transactions.

Those are the result of a recent joint survey conducted by Kaspersky Lab and B2B International.

The survey concluded that business representatives were increasingly making financial transactions with the help of mobile devices. In particular, 28 percent of small and medium companies, and 34 percent of enterprises, conducted financial transactions via mobile devices.

And it is not just those in financial departments (63 percent) but also top managers (54 percent) and even ordinary employees (eight percent) that freely make corporate financial transactions via mobile apps.

Hackers also know this, and are increasingly targeting mobile platforms. In fact, in the third quarter of 2015, Kaspersky Lab products for mobile devices detected more than 300,000 new malicious programs.

Of these, the highest growth rates were demonstrated by a Trojan-Banker designed to steal credentials to Internet banking and e-payment systems, as well as credit or debit card data. The share of this type of malware increased from 0.6 percent (630 programs) in the second quarter to 1.5 percent (2500 programs) in the third quarter.

"The trend shows a continual increase in mobile banking usage by corporate banking clients. This trend is certain to continue as corporate and consumer banking clients alike migrate to the convenience of mobile banking. This creates an operational imperative for banks to very carefully consider the security and fraud prevention approaches they need to take in order to adequately ensure secure mobile banking applications, protect confidential customer data, and guard high-value corporate customer transactions", says Ross Hogan, head of SafeMoney Business Development, Kaspersky Fraud Prevention, Kaspersky Lab.

"All users of mobile banking services, corporate and consumer, must also be vigilant about their own security and behavior while also questioning their bank about the measures taken to ensure their safety", adds Hogan.

Published under license from ITProPortal.com, a Net Communities Ltd Publication. All rights reserved.

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