Five per cent of all Android handsets and iPhones will suffer from malware infections by 2012, a leading internet security expert has predicted.
Trusteer chief executive Mickey Boodaei, expects the spread of financial malware and Trojans to gather momentum in the next 12 months sparking concerns for the security of Android users’ data. At present, the slow take up of mobile banking is constraining a rapid rise in virus infections.
“Fraudsters have all the tools they need to effectively turn mobile malware into the biggest customer security problem we’ve ever seen. They are lacking just one thing – customer adoption,” explained Boodaie.
“The number of users who bank online from their mobile devices is still relatively low. Additionally, transactions are not yet enabled for mobile devices on many banks’ websites. Since online fraud is mostly a big numbers game, attacking mobile bankers is not yet an effective fraud operation.”