Investor Presentaiton
Mobile commerce risks
•According to a study by BBC1, "There are
now more than five billion mobile phone
connections worldwide."
•With an estimate of over 90 million mobile
phone users in Nigeria while only about 25
million Nigerians have bank accounts,
experts are optimistic that this will be
another revolution in the country's financial
landscape.
•But the increasing reliance on smartphones
for carrying out financial, business and also
personal transactions has made them an
attractive target for malware writers.
•At the end of 2010, about 153 families and
over 1000 variants of malicious programs
targeting mobile devices were revealed².
Cyber crooks targeting smartphones:
McAfee
- February 2011
19 arrested in $9.5 million Zeus trojan bank
scam: Geek.com
- September 2010
Zeus In The Mobile (Zitmo): Online
Banking's Two Factor Authentication
Defeated: Fortinet
NetworkService
Security
Providers
- September 2010
Vendors
DevicePlatform
Mobile
Portable
Enterprises
18
1.
Source: http://www.bbc.co.uk/news/10569081
2. Source: Kaspersky Lab
(http://www.securelist.com/en/analysis/204792168/Mobile_Malware_Evolution_An_Overview_Part_4View entire presentation