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June 2011

Mobility trend takes off in the enterprise but leaves out security

Everyone agrees that consumerization of IT is an oncoming train. Plenty of ink has been used describing the adoption trends. Mobility is the latest consumerization movement -- organizations large and small are embracing mobility to engage with consumers and promote enterprise productivity and collaboration. One industry that has adopted mobility enthusiastically is the payment and banking industry. Every consumer bank and financial institution has some form of a mobile payment/banking strategy. However, many important decisions about mobile banking are being made without consulting security teams, and even when they’re invited to the discussion, they’re not given the power to say no, because everyone is feeling urgency with the mobility trend. For example, there is a lot of pressure to push information out via SMS. SMS account alerts, balance inquiries, etc., are becoming a common practice. In North America, there is a unique phenomenon best described as SMS to Web. Imagine your bank sends you an account overdraft SMS alert and ...

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