The Urgent Need for Banks to Protect Mobile Banking with App Security

Presented by

Hannah Wallace, Finextra & Greg Hancell, OneSpan

About this talk

From emulator attacks to malware, SIM-swapping, and phishing, mobile banking attacks are at an all-time high. In fact, the last year saw a 25% increase in malware between Q1 2020 and Q1 2021, and 36 billion records stolen by attackers. With more data being taken, more customers banking on their mobile, and lower barriers to entry for attackers, financial institutions urgently need to adopt advanced app security to protect both customers and their brand. In this video interview, Greg Hancell, Director of Data Strategy – Product Management, at OneSpan, discusses what financial institutions can do to help protect customers, their devices and transactions. He recommends removing static passwords, applying advanced application security and malware detection, and ensuring that banks use strong customer authentication.

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At OneSpan, we specialize in digital identity and anti-fraud solutions that create exceptional and secure experiences. From risk-based adaptive authentication to digital identity verification, our next generation solutions are delivered on a cloud-based platform. The OneSpan Trusted Identity Platform makes it easy to integrate new and existing tools and technologies, to better detect fraud and improve the user experience. https://www.onespan.com