MADRID, 6 Ene. (EUROPA PRESS) -

The cybersecurity company Eset has warned of the risks presented by open banking, such as 'phishing', fraudulent mobile applications or data leaks, among others.

The fintech TrueLayer explains on its website that open banking is "a way of allowing companies subject to regulation to access your bank account in a secure and limited way, with your consent", so that "they can provide useful services, such as the budget advice or the recommendation of other financial products that you could request".

In Europe, 'open banking' is part of the PSD2 directive, which regulates electronic payment services and which came into force in Spain in November 2018.

TrueLayer defends the advantages of this technology, among which are the simplification in the management of personal finances, fast and secure payments or the ease of presenting proof of income for rental contracts, mortgages, loans and investments.

However, Eset warns of the risks of 'phishing' if the consumer is tricked into giving up access to an application that collects all your financial history. In addition to this, fraudulent mobile applications can make you believe that they are real and that they will ask for bank credentials to empty your accounts.

On the other hand, data breaches could expose the entire financial history of thousands of people who placed their trust in a targeted service provider.