BankThink

Mobile Doesn't Need Better Security – Yet

Companies are swarming to provide added security for mobile phones – but their services might not yet be needed.

Security veterans like McAfee and startups like Lookout support apps and services to boost security on handsets, but "in some ways, it's an industry ahead of its time," The New York Times reported Wednesday.

Handset-hacking "is not yet much of a threat," experts told the Times. However, Google Wallet and other nascent mobile payments services may attract more of hackers' attention over time, they added.

Today, there are fewer threats for mobile phones than consumers perceive – even though 6% say they have received a mobile virus, less than 2% have, the mobile security vendor AdaptiveMobile told the Times.

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