Mobile banking may be convenient but it has its own share of disadvantages when it comes to security. In this presentation, we help you understand: a. Mobile banking facts and statistics b. Emerging threats, & vulnerabilities in mobile banking apps/websites c. Countermeasures against mobile banking threats d. How can Quick Heal help?

1. Security Risks in
Mobile Banking
Quick HealTechnologies Private Limited

2. Agenda For theWebinar
Mobile Banking – Background
Services available on mobile devices
Evolution of mobile banking
M-banking in India
Types of Mobile Frauds
MobileThreats
What can you do
How can Quick Heal help

3. Mobile Banking - A Brief Background
Mobile banking or mbanking is a term used
for performing banking activities on mobile
phones and tablets.
SMS, mobile banking apps & mobile websites
are the modes through which banking
services are made available to the customers
on their mobile devices.

4. ServicesAvailable On Mobile Devices
• Account statements
• Alerts on account
• Ordering of cheque books
• Monitoring of term deposits
• Balance checking
• Fund transfer & bill payments
• Access to loan statement
• Access to transaction history
• eCommerce transactions
• Book a locker
& a lot more....

5. Evolution Of Mobile Banking
1947: AT&T creates the “MobileTelephone
Service” allowing customers to make calls
using a simple, 79-pound device.
May 1995:Wells Fargo – the first bank in the
world offer customer access to their
accounts over the internet
The earliest mobile banking services were
offered over SMS
With the introduction of the 1st primitive
smart phones withWAP support enabling
the use of the mobile web in 1999, the first
European banks started to offer mobile
banking.

6. M-banking reaps fruits of India’s digital
embrace
Mobile Banking in India is growing like never
before.
Mobile banking transaction volumes have
now touched Rs 17,000 crore on monthly
basis
That’s growth at a scorching pace of five-fold
in 10 months.
From June 2014 to March 2015, m-banking
worth Rs 95,000 crore was conducted
through 15 crore transaction
In terms of value of transactions in March
2015, HDFC Bank leads the pack, followed by
ICICI Bank,Axis Bank

7. Threat landscape
• Prime targets for attackers
• Data
• Identity
• Availability
• Attackers and their motives
• Professionals
• Thieves
• Black hat hackers
• Grey hat hackers
• Consequences

8. 53% Indians worry over security in
mobile financial services:
Survey

9. Types Of Mobile Frauds
• Fake Mobile Banking Apps
• SMShing
• Lost and stolen devices
• Traditional online threats

10. TYPES OFTHREATSTARGET MOBILE
BANKING USERS
• Trojans
• Rootkits
• Spyware
• Other threats relating to banking

11. Security Checks & defenses
• Increase in Mobile App usage
• Mobile device has greater security risks than other platforms
• Increasing security concerns

12. What can you do
• Update your mobile devices
• Guard your personal information
• Think before you app
• UpdateYour Mobile Device
• Protect your money
• When in doubt, don't respond
• Stay informed

13. How can Quick Heal help
Scan Device
Optimize Device
Secure data
Set Privacy
Background Scan
Activity Monitor
 Anti-theft
 Security Shield
 AutomatedVirus updates
 Trusted Sim List
 Remote Device Management
 Intruder Detection
 Quick settings notification

14. Write to us at:
CorporateCommunications@quickheal.co.in
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Visit us:
Website - www.quickheal.com
Official Blog - blogs.quickheal.com

15. ThankYou!

16. References
http://blogs.quickheal.com/wp/the-savoir-faire-of-safe-mobile-banking/
http://blogs.quickheal.com/wp/internet-banking-faces-increased-risks-due-mobile-banking-apps/
http://blogs.quickheal.com/wp/top-7-mobile-banking-security-tips/
http://bitcast-maa1.bitgravity.com/quickheal/documents/others/quick_heal_quarterly_threat_report_Q1_2015.pdf
http://bitcast-maa1.bitgravity.com/quickheal/documents/others/quick_heal_annual_threat_report_2015.pdf