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The adoption of mobile apps continues to grow dramatically in the UK. According to recent findings from the British Bankers’ Association (BBA), customers now make 5.7 million transactions a day using smart phones and other mobile devices and this number is expected to grow in the coming years.

With more than 21.5 million people banking online, the UK has become a prime target for “businesses” that see this growing market as an easy way to monetise their malware investments and are consequently leveraging their prior experience from PC Trojan attacks.

According to the BBA most fraud on online bank accounts involves disclosed user passwords and security information as well as PCs or mobile devices infected with spyware designed to steal information. The two most common attempted scams currently used by online fraudsters are phishing and malware. Such attacks are designed for identity theft and compromising bank accounts, which unless addressed properly now, will lead to a loss of confidence in UK mobile banking.

With millions of users, Promon Shield is a proactive solution designed to stop malware attacks before they do any harm, without changing the customer experience. Promon focuses on vulnerabilities rather than threats. Promon Shield is therefore able to ensure a safe mobile banking experience, even on devices that have been compromised or vulnerabilities caused by the user. This encompasses the increased risk facing transactions, sensitive information and even mission critical systems within the mobile banking world.