Country
Bangladesh

Source
Article from Dhaka Distributions (Prabeer Sarkar)

Title
Cyber Security in Mobile Banking (Aug 2019)

About
Mobile subscriber base of 140 million with 80 Million on mobile internet. bKash (most popular mobile banking platform) has more than 24 million subscribers transacting more than US $84 million equivalent in local currency each day. Success story in the economic & technological space of the country but there are grave concerns over security : Mobile Malware continues to increase in complexity, cyber attacks targeting smart phones and other devices in for half of 2019 rose by 50% to previous year.

Key findings
Number of malicious mobile banker packages circulating online grew by 58% in Q1 of 2019. Millions of mobile phones come preloaded with Malware - Google has raised the flag on this itself. Recent study ranks BD ranking highest in mobile malware infections. Massive awareness campaign required to educate the users - banks, mobile banking providers, government, Cy Sec firms and mobile device manufacture should join hands to be equally responsible for the education. Important to educate user base before plunging into tech solutions

Website
https://blog.dhakadistributions.com/cybersecurity-in-mobile-banking