It is common to observe in films or books a society where citizens are constantly spied on. Even though this vision is exaggerated, these narratives lead us to put into perspective the concept of confidentiality in our era.
Mobile banking is a 24/7 remote service offered by banks and financial institutions to their clients. It is delivered through mobile applications and allows to monitor account balances, follow transactions, make fund transfers, etc.
Nowadays, the vast majority of employees is using smartphones or tablets as part of their work. Those devices, whether they are corporate (COPE) or personal (BYOD), are a gateway to organizations information systems.
We live in an ultra-connected world in which billions of corporate and personal data are manipulated through mobile devices every second. Smartphones and tablets have inherent capabilities that, when illegally exploited, enable hackers to locate users, eavesdrop on their communications, access their files, microphones, camera, etc., making them a target of choice.
What is the PSD2?
The second Payment Service Directive (PSD2) and its associated Regulatory Technical Standards (RTS) have been published by the European Banking Authority and validated by the European Parliament in early 2018.