A new Aite Group report advises financial institutions to preparethemselves to fight mobile fraud, something the Boston-based thinkfirm says will increase alongside mobile banking adoption.
“Mobile Fraud: The Next Frontier” says while mobile fraud iscurrently a minor threat for financial institutions, the risks willgrow as more advanced functionality is deployed to the mobilechannel.
Due to the variety of mobile devices and operating systems outthere, the mobile channel is tough to secure, and financialinstitutions view mobile fraud as a significant concern, Aite Groupsaid.
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