mobile Malware

Increasing use of banking apps on smartphone are set to cause nightmare to consumers and financial institution as per the predictions for 2016 by Trend Micro. Reports say that 3 in 4 apps in India are malicious. Irrespective of the slow adoption rate of mobile payment apps, the introduction of next generation mobile payment systems will inspire a renewed interest for threat actors to carry out real-world testing to steal information from new payment processing technologies like EMV credit cards, contactless RFID credit cards, and mobile wallets like Apple Pay and Google Wallet.