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    Kaspersky Lab survey shows many companies use mobile devices for financial transactions

    TechnologyTechnology NewsKaspersky Lab survey shows many companies use mobile devices for financial transactions

    Over 30-percent of companies use mobile devices to access accounts and make financial transactions. Though it may not seem like it, a recent survey conducted by Kaspersky Lab and B2B International showed that business representatives were increasingly making financial transactions with the help of mobile devices.

    The survey showed that 28-percent of small and medium companies and 34-percent of enterprises conducted financial transactions via mobile devices.

    While it makes for hassle free transactions, this imposes risks on company funds as the device becomes vulnerable to cyber-threats by simply transmitting information on the Internet.

    Mobile cyber-threats have become more aggressive, widespread, and just as dangerous to users as computer-based threats in recent years. Hackers are now increasingly targeting mobile platforms.

    In the third quarter of 2015, Kaspersky Lab products for mobile devices detected more than 300,000 new malicious programs.

    Of these, the highest growth rates were demonstrated by a Trojan-Banker designed to steal Internet banking and e-payment system credentials, as well as credit or debit card data.

    The share of this type of malware increased from 0.6-percent (630 programs) in the second quarter to 1.5-percent (2500 programs) in the third quarter.

    “The trend shows a continual increase in mobile banking usage by corporate banking clients. This trend is certain to continue as corporate and consumer banking clients alike migrate to the convenience of mobile banking. This creates an operational imperative for banks to very carefully consider the security and fraud prevention approaches they need to take in order to adequately ensure secure mobile banking applications, protect confidential customer data, and guard high-value corporate customer transactions,” said Ross Hogan, Head of SafeMoney Business Development, Kaspersky Fraud Prevention, Kaspersky Lab.

    All users of mobile banking services, corporate and consumer, must also be vigilant about their own security and behavior while also questioning their bank about the measures taken to ensure their safety,” he added.

    Fret not, Kaspersky Lab’s portfolio offers a wide range of solutions to ensure reliable multi-layered protection of the corporate IT infrastructure, including Kaspersky Security for Mobile. For representatives in the banking sector, Kaspersky Lab offers Kaspersky Fraud Prevention SDK, which can be used to create and configure safe mobile applications that meet information security requirements.

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