Description: Mobile devices are becoming bigger targets for malware creator
Date: Oct 14, 2010
In early 2009, Citigroup (C) launched a new mobile banking application for the iPhone. It let customers check their account balances and pay bills while on the go. Thanks to a bit of sloppy code, it also could have let hackers access the banking information for 118,000 customers who downloaded the app.
This story has a happy ending—Citi discovered the security flaw in June, before hackers could exploit it, and the bank says no customer lost money. However, experts say hackers may be quicker to exploit shoddy coding the next time around. Click here for rest of story
Questions for discussion:
- Comment on the quote “ The bad guys follow the money” in relation to m-commerce.
- Who should be responsible for security protection on smartphone apps, hardware makers or software makers?
- Does Apple have an advantage in relation to other smartphone venders in regards to protecting clients from malware? Why?