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Every third company uses mobile banking

Not only does every other top manager pay money into corporate accounts via a mobile banking, but it was also discovered that over 30 per cent of companies use mobile devices to access corporate bank accounts and to make financial transactions.

Those are the result of a recent joint survey conducted by Kaspersky Lab and B2B International.

The survey concluded that business representatives were increasingly making financial transactions with the help of mobile devices. In particular, 28 per cent of small and medium companies, and 34 per cent of enterprises, conducted financial transactions via mobile devices. And it is not just those in financial departments (63 per cent) but also top managers (54 per cent) and even ordinary employees (8 per cent) that freely make corporate financial transactions via mobile apps.

Hackers also know this, and are increasingly targeting mobile platforms. In fact, in the third quarter of 2015, Kaspersky Lab products for mobile devices detected (opens in new tab)more than 300,000 new malicious programs. Of these, the highest growth rates were demonstrated by a Trojan-Banker designed to steal credentials to Internet banking and e-payment systems, as well as credit or debit card data. The share of this type of malware increased from 0.6 per cent (630 programs) in the second quarter to 1.5 per cent (2500 programs) in the third quarter.

"The trend shows a continual increase in mobile banking usage by corporate banking clients. This trend is certain to continue as corporate and consumer banking clients alike migrate to the convenience of mobile banking. This creates an operational imperative for banks to very carefully consider the security and fraud prevention approaches they need to take in order to adequately ensure secure mobile banking applications, protect confidential customer data, and guard high-value corporate customer transactions. All users of mobile banking services, corporate and consumer, must also be vigilant about their own security and behaviour while also questioning their bank about the measures taken to ensure their safety,“ says Ross Hogan, Head of SafeMoney Business Development, Kaspersky Fraud Prevention, Kaspersky Lab.

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.