A recent study by Oxford Economics found that 70% of consumers worry about hackers stealing their personal information and 55% feel mobile money is less secure than a physical wallet.
Furthermore, in January, IBM, Ponemon and Arxan revealed that 44% of organizations are taking no steps to protect their apps.
This is especially worrisome given some 65% of the U.S. population carrying smartphones and a Federal Reserve report that revealed 53% of smartphone owners with a bank account used a form of mobile banking in 2015.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.