Enabled with Right Level of Protection?

As financial institutions capitalize on new opportunities by providing online services, they continuously face security breaches. Let’s see how a bank showed 50% reduction in security issues in the subsequent mobile applications and how these mobile appli

In the recent years mobile device adoption has become necessary for every industry. People can easily make purchases online, check their mails, and can also make online transactions on-the-go. One of the biggest drivers of change in the financial sector has been advances in technology, with many banks capitalizing on new opportunities by providing online services such as mobile banking. THE FEARS A recent study discovered that 90% of mobile banking 26 www.dqindia.com applications have serious security problems that could potentially compromise user data. On the same lines, following a breach to one of their mobile applications, a financial institution turned to Paladion to ensure that all future applications were tested, compliant and above all secure for their customers. The bank identified that its mobile banking application had suffered a major security breach, which put many of their customers at risk of exposing or losing their banking data.

After a lot of research, the bank chose to work with Paladion because of its experience in cyber security