A large-scale malware hijacking threat has been discovered that's capable of taking over Android phones and gaining access to users' bank logins. Vulnerable banking apps include Westpac, Commonwealth Bank, St. George, National Australia Bank, Bankwest and ANZ. Here's what you need to know.
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Making mobile banking apps actually useful is a difficult challenge for many banks. Westpac sub-brands St George, BankSA and Bank Of Melbourne have added two new options -- the ability to apply for credit cards via a mobile device and new property hunting features on its iOS app -- and I'm undecided how I feel about them.
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
We've complained in the past about NAB, Commonwealth Bank and St George rolling out Android "banking apps" that are little more than glorified bookmarks to a mobile banking site. That's not because cross-platform mobile sites aren't awesome, but because an app should do more. We don't have a St George account to test the service directly, but its latest update to its Android mobile banking app appears to have slightly improved on its previous offering.
We've complained here quite a bit about mobile apps which are nothing more than a pointer to the existing mobile web site. St George's new Windows Phone 7 app doesn't make that mistake, though its feature set is limited to checking balances on your existing accounts.