Mobile banking is safe for now

INSECURITY experts claim that mobile banking might be more secure than PC transactions, but there will need to be a shake up in the future.

According to CNET, punters are a bit reluctant to download applications from banks to do their online transactions over the phone. However they are pretty secure. The biggest security risk is that you might lose the phone.

With so many platforms it is difficult for hackers to get virus laden software distributed. However experts now say that as more payments move over to mobile devices because criminals will put more focus there.

The best method, the experts claim, will be spoofing. µ

L'INQ
CNET