Cybercriminals to Target Mobile Banking

There was an interesting story on Vnunet yesterday that has been circulating in the trade press today about how cybercriminals are expected to set their evil sights on mobile banking applications.

This isn't any brilliant insight or surprise. Mobile banking with cell phones and other PDAs for accessing banking is hot. They're just starting to get implemented around the world and, of course, they're also being implemented without security in mind.

Eventually, the designers of these systems will figure out that there are two basic principles of information security: access control and encryption. But that's just a start for mobile banking. Stay tuned. This is a developing story.