Users limiting online banking apps` use over security fears: Survey

Last Updated: Wednesday, December 4, 2013 - 15:24

Cape Town: A security company has said the risk posed by malware is putting more users off using online banking applications.

The survey conducted by Kaspersky Lab and B2B International revealed around one third of users do not feel safe when conducting financial transactions on smartphones and tablets.

The survey found some 28 percent of smart device users did not feel comfortable engaging in financial transactions on the platform.

According to the report, only 22 percent of tablet and 27 percent of smartphone users are unconcerned about entering financial information from their gadgets.

The survey highlights the risk of expanding digital platforms as financial institutions are increasingly shifting towards online methods.

The Kaspersky survey reported that some 13 percent of smart device users said they would not use their tablets or smartphones for banking because of the security threat, the report added.

First Published: Wednesday, December 4, 2013 - 15:24

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