Conclusion and Future Research
Mobile banking offers a lot of benefits to both banks and consumers. However, security is a significant barrier to the wide adoption of mobile banking applications (To & Lai, 2014). As there are many security risks with the use of mobile banking applications, it is critical for both banks and consumers to be aware of these risks and take steps to mitigate the risks. Currently, there is lack of systematic discussion in the literature about the security risks with mobile banking. In this paper, we identified some key security risks, protection strategy/best practices and future security trends associated with mobile banking through mining relevant blog posts.
As for future research, we plan to use the workflow technology to simulate mobile banking security risks such as how to simulate the attack on mobile check deposit so that we can better increase the security awareness of mo-bile banking app developers and users. We are also interested in studying the use of biometric mechanism in mo-bile banking applications and the balance between security and usability for mobile banking applications.