Tag: citigroup

Bank of America and Citigroup Testing Other Smartphones

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security

Several sites have noted that Bank of America might be dropping BlackBerry as their primary smartphone. This is a strange move considering financial institutions are one of the most important institutions to focus on security, along with government and defense. If the financial sector isn’t going to take security seriously, and use a smartphone that is built from the ground up to keep important data safe, how are we to trust these institutions with our money?

The fact that these institutions are allowing other smartphones on the network may be bad for RIM’s revenues or it might not. Bank of America for example, is allowing the shift to start in trials, and while the company has a lot of employees, the smartphone industry is growing at a rate that far outpaces the number of these employees shifting.

Does it worry you that your bank may be using a less secure smartphone?