© John Wallace Mobile and Online Banking Security John Wallace Consultant, Resources Global Professionals
Mobile and Online Banking Security Do you love the convenience of Online/Mobile Banking? 2 © John Wallace 2013
Mobile and Online Banking Security You are not alone: 50% of consumers use Online Banking (computer) 20% of consumers use Mobile Banking (phone or other mobile devices) 3 © John Wallace 2013
Mobile and Online Banking Security Caution! 4 © John Wallace 2013
Mobile and Online Banking Security Your banking credentials are in danger of being stolen The online banking credentials of your company are also at risk How? 5 © John Wallace 2013
Mobile and Online Banking Security Organized criminal gangs: Paying smart programmers to create malware Paying others to get the malware on your computer Targeting the bank accounts of you and your company 6 © John Wallace 2013
Mobile and Online Banking Security How do they get the malware on your computer? 7 © John Wallace 2013
Mobile and Online Banking Security This is how they do it: Infected legit web sites (80% of infected sites are legit) Phishing s (clicking on links, photos, etc.) Rogue web sites (faked web sites, porn, etc.) 8 © John Wallace 2013
Mobile and Online Banking Security They also use: Social Networks Public WiFi Hotspots Social engineering (free games or copyright bypass) 9 © John Wallace 2013
Mobile and Online Banking Security How do they get the malware on your phone? 10 © John Wallace 2013
Mobile and Online Banking Security This is how they do it: Downloading free games with malware QR Codes (pasted over legit ones) WiFi Hotspots 11 © John Wallace 2013
Mobile and Online Banking Security They also use: Phishing s (with links or photos of interest to you) Smishing links Social Networks Femtocells 12 © John Wallace 2013
Mobile and Online Banking Security What if I have current anti-virus software? Sorry, but it wont protect you from these guys! (zero day malware) 13 © John Wallace 2013
Mobile and Online Banking Security How can I protect myself? 14 © John Wallace 2013
Mobile and Online Banking Security PROTECT your computer: Dedicate a computer to use for ONLY online banking Dont surf the web with your online banking computer (ever) Dont use it for Dont use it for downloading anything except banking 15 © John Wallace 2013
Mobile and Online Banking Security PROTECT your companys computer: Dedicate a computer to use for ONLY online banking Dont surf the web with the online banking computer (ever) Dont use it for downloading anything except banking 16 © John Wallace 2013
Mobile and Online Banking Security PROTECT your smart phone or other mobile device: Dont do banking from your smart phone or other mobile device (for now). Do banking from your dedicated home computer 17 © John Wallace 2013
Mobile and Online Banking Security Contact your bank and plead for help Contact law enforcement Most important: Dont let it happen to you…. What do I do if it happens to me? © John Wallace 2013
Mobile and Online Banking Security PROTECT yourself: 19 © John Wallace 2013
Mobile and Online Banking Security PROTECT your computer: Dedicate a computer to use for ONLY online banking Dont surf the web with your online banking computer (ever) Dont use it for Dont use it for downloading anything except banking 20 © John Wallace 2013
Mobile and Online Banking Security PROTECT your companys computer: Dedicate a computer to use for ONLY online banking Dont surf the web with the online banking computer (ever) Dont use it for downloading anything except banking 21 © John Wallace 2013
Mobile and Online Banking Security PROTECT your smart phone or other mobile device: Dont do banking from your smart phone or other mobile device (for now). Do banking from your dedicated home computer 22 © John Wallace 2013
Questions 23 © John Wallace 2013
Contact Information For a copy of this presentation Or any further information: Please Contact: John Wallace (210) or Susan Hough (210)