Experts Ponder Which Security Threats May Gain Speed
Wake up and smell the hack.
“Mobile banking, I would argue, presently, is significantly more secure than is online banking,” said Kevin Travis, a partner with Novantas, a New York-based management consulting firm.
Partly, too, mobile devices may have particular built-in protections, such as with iPhones, which uses a design structure in which applications are sandboxed and third-party software cannot run in the background of others. However, some Apple signature items can. Sandboxing is the practice of limiting what any application can do; in a sandboxed environment how apps can interact with each other is severely limited.
That may be important, according to some security experts. Traditional Windows key loggers are designed to operate in the background, recording each tap of the keyboard in other programs and then sending that information to a cyber crook. That operation does not work on iPhones or iPads, users have noticed.