---
title: "White paper | Mobile Banking: Regulations, Threats & Fraud Prevention"
description: Mobile banking usages, threats, legal framework and solutions to secure mobile banking apps, from development to execution.
image: https://datasheet.pradeo.com/hubfs/Livre%20blanc%20-%20Mobile%20banking.jpg
---

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White Paper | **Mobile Banking: Regulations, Threats and Fraud prevention**

The usage of banking services through a mobile device has quickly been embraced by consumers. At the end of 2019, 74% of the UK and 75% of the US people used mobile devices to manage their finances.

To stay ahead of the competition, banks have developed mobile applications offering a wide variety of services to their clients. But when handling personal/financial data and conducting transactions, mobile apps are **required to satisfy very high security standards.** 

Currently, researches indicate that mobile banking apps are often not as secure as expected. Furthermore, a recent analysis of data collected by RSA's Fraud and Risk Intelligence team shows **mobile app related fraud doubled in the first quarter of 2020.**

In this white paper, we analyze mobile banking **usages, legal framework, risks, and provide solutions** to secure mobile banking apps, from development to execution.

---

**This white paper features:**

- Data protection legal requirements applicable to mobile banking apps,
- Modus operandi of mobile threats targeting financial apps,
- Fraud and data leakage prevention recommendations.

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