Risk in Mobile Banking by Danish Sayed https://padlet.com/danish187/t3 en-us 2018-03-08 06:36:07 UTC 2026-03-14 21:50:51 UTC hello@padlet.com can be fraud in ewallet system https://padlet.com/danish187/t3/wish/239530314 2018-03-08 07:52:24 UTC https://padlet.com/danish187/t3/wish/239530314 MB risk https://padlet.com/danish187/t3/wish/239530328 1- exposed to hakers / cybersecurity risk
2- unkown source of mobile banking application
3- system / application failure 
4- users / customer awareness 
5- reputation risk
6- Security risk
7-regulatory risk]]> 2018-03-08 07:52:27 UTC https://padlet.com/danish187/t3/wish/239530328 Risk in MB https://padlet.com/danish187/t3/wish/239530342
  • Security
  • Branches Replacement 
  • Using others platforms
  • Publicly exposed 
  • Continuous improvements required (resources overhead)
  • Availability & Reliability 
  • Entry of FinTechs (disruption)
  • New Technologies in the market
    • ]]>     2018-03-08 07:52:31 UTC https://padlet.com/danish187/t3/wish/239530342     1- hacking https://padlet.com/danish187/t3/wish/239530395 2- stolen devices
    3- system breakdown ]]>     2018-03-08 07:52:50 UTC https://padlet.com/danish187/t3/wish/239530395     https://padlet.com/danish187/t3/wish/239530482 One time password to do all transaction

    ]]>     2018-03-08 07:53:17 UTC https://padlet.com/danish187/t3/wish/239530482     Mobile banking risks https://padlet.com/danish187/t3/wish/239530502 1. Exposed to cyber security
    2. Long transfer time may result in some penalty/fine
    3. Beneficiary number not getting validated
    4. Wrong entry may route to unknown results



    ]]>     2018-03-08 07:53:25 UTC https://padlet.com/danish187/t3/wish/239530502     https://padlet.com/danish187/t3/wish/239530509 Hacking

    System fail

    Not enough secured

    Easy to use it in fraud case or money laundring


    ]]>     2018-03-08 07:53:27 UTC https://padlet.com/danish187/t3/wish/239530509     Confidentiality breach, lost of integrity, availability issues, client end security issue, country's security frame work not available for mobile banking, awareness of using mobile safely for transction is less etc . jamal235 https://padlet.com/danish187/t3/wish/239530537 2018-03-08 07:53:38 UTC https://padlet.com/danish187/t3/wish/239530537 https://padlet.com/danish187/t3/wish/239530657 System failure 
    Identity theft
    Human error eg. wrong entry of amount or account name 

    ]]>     2018-03-08 07:54:14 UTC https://padlet.com/danish187/t3/wish/239530657     Secu https://padlet.com/danish187/t3/wish/239530850 Privacy 

    ]]>     2018-03-08 07:55:08 UTC https://padlet.com/danish187/t3/wish/239530850     https://padlet.com/danish187/t3/wish/239531025 Mobile Malware
    Poor App Design, Configuration or Corrupt Apps
    Unsecure Wi-Fi Networks

    ]]>     2018-03-08 07:55:51 UTC https://padlet.com/danish187/t3/wish/239531025     sharing personal bank details https://padlet.com/danish187/t3/wish/239531026 2018-03-08 07:55:51 UTC https://padlet.com/danish187/t3/wish/239531026 Unsecure wifi network https://padlet.com/danish187/t3/wish/239531051 Poor application design confi]]> 2018-03-08 07:55:56 UTC https://padlet.com/danish187/t3/wish/239531051 https://padlet.com/danish187/t3/wish/239531761 Customer dissatisfaction Incase of failure or late transactions when OTP takes time ]]> 2018-03-08 07:58:56 UTC https://padlet.com/danish187/t3/wish/239531761