Challenges, key figures & solution
Mobility in the banking sector is accelerating. With the widespread shift to online services, the rise of remote work, and the growing use of mobile devices, financial institutions must rethink their endpoint management strategies. This evolution brings new challenges in terms of data security, regulatory compliance, and productivity. Learn more in this infographic.
Mobile usage on the rise in banks
Today, 60% of banking employees use a mobile device for professional purposes. At the same time, 80% of customer interactions with banks now occur via digital channels, primarily mobile and web. While mobility is essential, it also increases exposure to security risks.
Security and compliance as top priorities
The banking industry is among the most targeted by cyberattacks. In fact, 44% of banking data breaches are caused by compromised mobile devices. To reduce these risks, banks must operate within a strict regulatory framework: GDPR, ISO 27001, PCI-DSS – all critical standards for data protection. A single compliance failure can cost up to $14.82 million per incident.
Remote work and BYOD
Since the pandemic, hybrid work has become the norm, with 62% of banking employees working remotely at least part of the time. However, 1 in 3 employees accesses company data from a personal device without any Mobile Device Management (MDM) solution. This practice significantly increases the risk of data loss or unauthorized access.
TinyMDM: A simple, secure solution
In this high-stakes environment, it’s essential to efficiently manage mobile fleets while ensuring the security of sensitive data. An MDM solution like TinyMDM enables banking institutions to centralize device management, enforce policies, restrict usage through flexible management modes, and stay compliant with industry standards.
9th of May 2025