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Mobile malware a looming menace

ItBusiness Canada, By Nestor Arellano

That seemingly innocuous mug shot of 1980s pop star Rick Astley circulating wildly on jailbroken iPhones shortly before Christmas last year may be a harbinger of a more serious menace for businesses offering mobile payment services, according to Ovum, a British technology market research firm. Cell phone-based pranks may be irritating at worst right now, but they could be a “wake-up call” for banks and organizations offering mobile payment services, said Graham Titterington, principal security analyst at Ovum.

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