Mobile banking is not secure

Smartphone owners should avoid using mobile banking in order to protect their personal information, it has been claimed.

According to Alex Fidgen of MWR InfoSecurity, the race to produce new devices had led to manufacturers placing security low on their list of priorities, meaning it can be easy for cybercriminals to hack into them, particularly when sharing a local WiFi connection.

The expert told the Guardian and those seeking managed services in London that the mobile phone industry is "not fit for purpose".

"The evidence is irrefutable. You cannot be assured of security with modern smartphones. As soon as the handset is compromised, then any data is up for grabs," Mr Fidgen told the newspaper.

Earlier this month, Kaspersky reported that 30 per cent of corporate respondents to a survey on online security believed they had been specifically attacked by cybercriminals - a fact that further underlines the importance of IT security at home and in the office.

Breaking news from ihotdesk, IT Security Solutions in London

Posted by Louise Tate