User Education. Many mobile security threats can be avoided through basic device security practices. By educating users about the importance of mobile anti-virus/malware solutions and the dangers of giving untrusted individuals access to devices, financial institutions can significantly reduce incidents of fraudulent activity.
The popularity of mobile transactions makes the mobile channel an attractive target for cyber criminals. By implementing better mobile security practices now, banks and financial institutions can significantly reduce risk and create a security environment that generates business advantage.