FIs Hear Mobile Threat Drumbeat but Overlook Them: Verizon

Mobile security

Verizon’s Mobile Security Index, found many organizations – including those in the financial services such as credit unions and banks – overlook basic mobile cybersecurity principles, leaving themselves and customers vulnerable to attacks.

Organizations said mobile security risks are increasing. Company concerns center on the threats mobile devices pose to both their data and uninterrupted business operations. While the number of reported incidents is still relatively low, the vast majority think that the threat is serious: 85% said their businesses face at least a moderate risk from mobile security threats; 74% said risks associated with mobile devices increased in the past year; and 73% said that they expect risks to increase during the next year. Only 2% said that they expect them to decrease.