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Smartphone Owners Unaware of Financial Security Risks

Carrie-Ann Skinner at CSO Security and Risk writes that more than a third of smartphone owners are not aware of the security risks associated with using their handset to access their bank accounts and other financial services, says AVG. Research conducted by the security firm in conjunction with the Ponemon Institute revealed that just 29 percent of smartphone owners have considered downloading free or paid-for antivirus software for their handset. Furthermore, 13 percent said that location-tracking tools had been embedded in their phone without their knowledge at the time, allowing others to track their location, and six percent had experienced a mobile phone app transmitting confidential payment information such as credit card details without the user’s knowledge or consent.

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Filed under: Network Security