There has been numerous reports on mobile banking security (specifically about the supposedly inadequacy of it) (Read here, here and here). Reading between the lines, many of these articles are predominantly produced to support a specific agenda, I think. Also, there have been reports of fraud in mobile banking recently. (Read here and here). While this is worrying, it is an indication of substantial business growth. (making criminal activity worthwhile and also big enough to get reported in the media.). I would have liked to more directly comment on one of the specific frauds referenced here, but this will have to happen later (after investigations are completed).