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The information technology and security stakeholders like CIOs, CISOs andCTOs in financial services organization are often asked to identify the riskswith mobile computing channel for financial services that they support. Theyare also asked to come up with approaches for handling risks, define riskacceptance level and mitigate them. This requires them to articulate strategyfor supporting a huge variety of mobile devices from various vendors withdifferent operating systems and hardware platforms and at the same time staywithin the accepted risk level. These articulations should be captured ininformation security policy document or other suitable document of financialservices organization like banks, payment service provider, etc. While risksand mitigation approaches are available from multiple sources, the seniorstakeholders may find it challenging to articulate the issues in acomprehensive manner for sharing with business owners and other technologystakeholders. This paper reviews the current research that addresses the issuesmentioned above and articulates a strategy that the senior stakeholders may usein their organization. It is assumed that this type of comprehensive strategyguide for senior stakeholders is not readily available and CIOs, CISOs and CTOswould find this paper to be very useful.

Review of Considerations for Mobile Device based Secure Access to Financial Services and Risk Handling Strategy for CIOs, CISOs and CTOs