Wireless security still in its infancy

Monday, 31 January 2005, 5:43 PM EST

More Americans than ever are using mobile technology, from sophisticated cell phones to hand-held personal digital assistants to laptop computers. And millions of people now do their banking online. But the convergence of these trends raises a key question: Is your money safe in the wireless world?

After all, wireless banking — as opposed to online banking performed through a personal computer wired to the Internet — could offer even more convenience for consumers. But using a cell phone or PDA, or a wireless connection for a laptop, introduces a brand new set of security issues into the banking arena.

By Peter Dizikes at ABC News.

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