Mobile Banking Security Risks: An Analysis

Abstract

Today, personal experience in banking involves a growing variety of services, making it easier to use one's money from various locations through the use of digital platforms. One such service provides mobile banking, which is the provision of financial services using mobile devices. At its most basic, it allows a customer to interact with a bank via mobile devices using text or through a browser. It fosters ease of access to the banking account, especially when the customer is traveling from one place to another. It offers a wide range of activities and services that a customer can do, such as fund transfers, checking deals, paying bills, reducing balances, and wire transfers. Devices used include mobile phones, smart cards, and personal digital assistants, as these are used to access financial services from mobile devices. The major part of India has been avoided, and the specifics have been incorporated either from public sources, primary survey work, or anecdotal information during conference hall deliberations in various parts of the region at different periods of time. The changes and the differences are in the adoption of various technologies and the spread of the internet and the mobile network.