Warning: Hackers out to harm 70% mobile banking applications!
Posted on: 03/Apr/2015 3:31:03 PM - No. of views : (2924)
There is an increasing trend of smart phone owner who use the free mobile banking services offered by several banks for most transactions.
A company, �Vigilant�, affiliated to Mumbai Institute of Technology, conducted a survey on the safety of operations of 100 best banks in Asia-Pacific Region. They have made a shocking report warning the customers who use mobile banking services.
CEO of Vigilant, Mr. Dushendra Varma, informed that while analysing the safety of software applications of 100 best banks, it was found that 70% of these applications could easily be hacked. .Out of this, more than 30% applications belong to Indian Banking Applications!
In this set up, a single evil-minded individual can access and cheat the mobile banking customers
The report has blown the opinion that banking applications are safe!
Vigilant had introduced an App, called Appvigil�, aimed at protecting the Indian Mobile banking customers from the hackers.
