Showing posts with label Internet Banking. Show all posts
Showing posts with label Internet Banking. Show all posts

Internet Banking Faces Increased Risks Due to Mobile Banking Apps

15 May 2015 Mumbai : The growth in smartphone adoption has led to many financial institutions launching their mobile apps for customers who want the convenience of 24-hour, anytime/anywhere banking. As per RBI records, of the 589 million bank account holders, over 22 million customers use mobile banking apps. You, too, probably no longer visit a bank, but instead rely on the convenience of using your mobile device for banking transactions. However, do you ever wonder if a trusted app could steal your financial and personal information? Sadly, the answer is yes.

As per the Quick Heal Quarterly Threat Report for Q1 2015, the last few months have seen an exponential growth in the incidents of malware attacks on Android mobile banking apps. The Android.Wroba.A malware, known as a banking Trojan, looks like a trustworthy app but is created specifically to steal financial and personal information such as credit card details, online banking login credentials, personal information and more.

Consider this, in the past quarter, (JAN – FEB – MAR 2015) Quick Heal labs found over 19000 Smart phones being targeted by the malware. There are plenty of smart phones which may do not have any security app installed. The malware, by now, would have all the access to the user’s financial and personal data. Most of us are unaware of these types of threats, and even when we are aware, we don’t take actions to protect our security and privacy until it is too late.

One way to avoid unsafe banking apps is to download apps only from genuine markets like Google Play. Also, an added layer of protection like Quick Heal Total Security for Android with advanced features such as virus protection, device scanning, web security, anti-theft measures, mobile tracker, etc. will help keep you secure. Internet Banking Faces Increased Risks Due to Mobile Banking Apps

Mumbai : The growth in smartphone adoption has led to many financial institutions launching their mobile apps for customers who want the convenience of 24-hour, anytime/anywhere banking. As per RBI records, of the 589 million bank account holders, over 22 million customers use mobile banking apps. You, too, probably no longer visit a bank, but instead rely on the convenience of using your mobile device for banking transactions. However, do you ever wonder if a trusted app could steal your financial and personal information? Sadly, the answer is yes.

As per the Quick Heal Quarterly Threat Report for Q1 2015, the last few months have seen an exponential growth in the incidents of malware attacks on Android mobile banking apps. The Android.Wroba.A malware, known as a banking Trojan, looks like a trustworthy app but is created specifically to steal financial and personal information such as credit card details, online banking login credentials, personal information and more.

Consider this, in the past quarter, (JAN – FEB – MAR 2015) Quick Heal labs found over 19000 Smart phones being targeted by the malware. There are plenty of smart phones which may do not have any security app installed. The malware, by now, would have all the access to the user’s financial and personal data. Most of us are unaware of these types of threats, and even when we are aware, we don’t take actions to protect our security and privacy until it is too late.

One way to avoid unsafe banking apps is to download apps only from genuine markets like Google Play. Also, an added layer of protection like Quick Heal Total Security for Android with advanced features such as virus protection, device scanning, web security, anti-theft measures, mobile tracker, etc. will help keep you secure.
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IDBI Bank today strengthened its network and reach in the country by inaugurating its 3000th ATM at Punjabi Bagh, New Delhi

IDBI Bank today strengthened its network and reach in the country by inaugurating its 3000th ATM at Punjabi Bagh, New Delhi
IDBI Bank Marks Yet Another Milestone - Inaugurates 3000th ATM

Apr 06, 2015 
In tune with its philosophy of ‘Bank Aisa, Dost Jaisa’, IDBI Bank today strengthened its network and reach in the country by inaugurating its 3000th ATM at Punjabi Bagh, New Delhi. The 3000th ATM was inaugurated by Shri S. Ravi and Shri Pankaj Vats, Directors of IDBI Bank, in presence of Shri M. S. Raghavan, CMD, IDBI Bank and other dignitaries. With this, the bank’s network is enhanced, reaching a mark of 1708 branches and 3000 ATMs across 1256 centers in India. IDBI Bank connects with its customers through branches, ATMs, internet banking, social media, 24 X 7 call center, e-lounge and mobile banking.

Speaking on the occasion, Shri M. S. Raghavan, CMD, IDBI Bank said “With every additional ATM, IDBI Bank strengthens its reach and offers banking benefits not only to the bank’s customers but the population at large. The bank has always endeavored in providing the best technology, customised banking services and lasting relationships to its’ customers”.
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