Boston, September 11, 2014 – The proliferation of the smartphone has led to a dramatic shift in the way consumers transact. Unfortunately, criminals have also recognized the attractiveness of the mobile channel and are successfully executing a number of exploits. Given customer demand for increasingly high-risk mobile functionality, financial institutions and merchants have no choice but to evolve their own security controls and protect their mobile channel.
This Impact Note overviews the threats in the mobile channel and details a variety of potential technology solutions. It is based on Aite Group interviews with more than 70 vendors, financial institution fraud executives, and merchant fraud executives from October 2013 through August 2014.
This 23-page Impact Note contains three figures and 11 tables. Clients of Aite Group's Fraud & AML service can download this report.