According to the company, by implementing its Secure Mobile Banking and Trading endpoint security solution on smartphones and mobile handsets, mobile trading and banking will be protected from malware and external attacks by protecting the vulnerable aspect of the transaction and the mobile device.

Rick Roscitt, CEO of SMobile Systems, said: Mobile banking offers users a great convenience but what is frightening is the blind faith in the security of user devices and wireless networks. In order to remain a leader in mobile security we have made it our business to be nimble and respond quickly to the needs of the market.