Mobile Security: Top Priority for 2014 - BankInfoSecurity

Mobile Security: Top Priority for 2014 - BankInfoSecurity

Mobile Security: Top Priority for 2014

Gartner's Chuvakin on Emerging Fraud Trends

Shoring up mobile security gaps should be a top 2014 priority for financial institutions, says Gartner analyst Anton Chuvakin, who contends many other security issues, including managing cloud vendors and other third parties, aren't so urgent.

"Protecting payment data on the mobile device is a daily conversation," says Chuvakin, a research director at the consulting firm, where he focuses on security and risk management strategies. "This is an area that changes very quickly."

And while many banking institutions, payments processors and merchants may be focusing on anticipated regulatory mandates or guidance surrounding mobile payments, Chuvakin says they should focus, instead, on emergingfraud risks.