Mobile Banking

The mobile channel doesn’t grow itself. It requires a strategy, a team committed to execution, and constant care and grooming. As financial services organizations embark on mobile-first initiatives or offer more and more mobile services to their customers, they prioritize three goals:   1. Optimize both user convenience and security 2. Stay ahead of the curve on mobile security and… Read more

At DeveloperWeek 2018 in San Francisco, I had a provocative question for mobile app developers: “Is mobile app security important to you, and if so, what are you doing about it?” The majority of developers I spoke with at the event agreed that security is important. However, when pressed for more detail, many could not describe the specific measures taken… Read more


The following article, authored by Giovanni Verhaeghe, Director Market and Product Strategy, VASCO, first appeared 2/4/2018 in the Financial blog. Mobile banking apps and the devices they run on are increasingly at risk for compromise by cybercriminals. New, sophisticated methods of attack have rendered the classic username-password scheme outright obsolete. Even the more secure but still basic two-factor authentication… Read more

According to a recent survey by Accenture, banks experience 85 attempted breaches on average each year. More than a third are successful in stealing sensitive information1. In 2017, those attempts ranged from account takeover fraud to mobile banking Trojans that enabled hackers to steal funds from victims’ bank accounts. Attacks such as Distributed Denial of Service (DDoS) — per Verizon,… Read more

ENISA Report

A recently published study from ENISA — the European Union Agency for Network and Information Security which advises member states and private sector organizations in implementing EU legislation, provides guidelines on how to take the appropriate measures to comply with the General Data Protection Regulation (GDPR). ENISA’s recommendation includes two-factor authentication and mobile application security as technical measures in high-risk… Read more

Behavioral Biometrics: Improving Security and the Customer Experience

Before the Internet, customers who wanted to transact with their bank had only one option – a visit to their local branch for a face-to-face transaction. Now, in the mobile age, customers expect their banks to provide secure and easy access to the full suite of banking services via their mobile device. New channel, new challenges This demand for mobile… Read more

Android Malware

One of the key security issues facing organizations that support Android devices is the risk of rooting malware. A number of malware families on the Android mobile OS attempt to obtain root access once installed because the elevated privileges gained come in handy to perform malicious activities. There is, however, a way to detect rooting and protect your organization and… Read more

Protecting against the BankBot Android banking malware using RASP

Earlier this month the Dutch company Securify came across a new sample of the BankBot Android mobile banking malware. While older samples of BankBot mainly targeted Russian financial institutions, the latest sample shows that BankBot now targets European and American banks as well. More specifically BankBot now targets over 420 leading banks in countries such as Germany, France, Austria, the… Read more

What Bob Dylan and RASP Have in Common

Ok, now that I have your attention, I’ll explain how I got here. Feel free to follow along. In early April, the creative folk icon finally made his way to Stockholm and the home of the Swedish Academy to formally accept his 2016 Nobel Prize for Literature and the 8 million Swedish krona (approximately $900,000 US) that went along with… Read more

Using Mobile as an Upselling Channel in Financial Services

We rely on our bank’s mobile app to check balances, pay bills and transfer money electronically. But mobile consumers want (and expect) to do more. The logical next step, then, is to enable consumers to conduct all of the services offered online (and at their physical branches), on their mobile devices. That’s easier said than done. Most financial institutions have developed mobile… Read more