Mobile banking characteristics have added some advantages for customers though; there are security risks which come with them. Find out the security risks with respect to phishing, smishing, vishing, cloning and a lost or stolen Smartphone which have been experienced by the financial services industry as an outcome of mobile banking. Personal data assistants (PDAs), iPads, and e-Readers have the ability to wirelessly join to online stores so that their users can purchase books, music, games, read e-Books, read the news, and perform a myriad of other tasks. describe and evaluate the impact of such devices on newspapers, paper books, music CDs, games DVDs and so on.