Amil Klein, CTO at Trusteer, explained how mobile malware has evolved to a stage where it can now bypass most banking security.
Graham Ingram, the general manager of AusCERT, backs this up.
"The genie is out of the bottle. The hardware is there, the software is there, the capability is there ... these guys will turn it around quickly, now. They know what to do, as soon as the reward is there — and it is clearly there — they will move rapidly into it, and I think that is going to shock a few people because we will wake up one morning and it will all be happening."