Defending In-House Apps March 5, 2012 – As banks battle financial malware, they strive against human nature. "The biggest threat, no matter what the device, is people themselves, who can be fooled by rogue applications or rogue messages," says Chip Tsantes, principal, Ernst & Young. "That's true in the online world and it's becoming true on the mobile platform."

The Anti-Phishing Working Group estimates that 39% of all computers are infected with financial malware (malicious software designed to steal account information). Online banking account takeovers are growing at more than 150% per year, according to the Financial Services Information Sharing and Analysis Center. Gartner estimates that cybercriminals have robbed banks, businesses and municipalities of more than $3 billion.

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