The Mobile Industry Crime Action Forum (MICAF) is investigating mobile banking facilities on handsets and their effects on mobile phones being targets of crime.
Findings from a workshop conducted by MICAF last month have been submitted to the Commercial Crime Strategy group, which will next month release guidance for the industry and banks. MICAF chairman Jack Wraith said: “It’s difficult to say what controls are necessary as nobody has done a proper risk assessment of this area before.
“Manufacturers have been engaged in putting payment technology into handsets and giving a level of security and protection to the user. Our concern is whether mobile payment facilities in handsets make them more attractive to thieves. It would appear there is evidence that when handsets take on additional functions their owners are more responsible.”