Mobile banking has revolutionized the way people manage their finances. However, the convenience of accessing bank accounts through mobile devices also brings security risks. Cybercriminals can gain unauthorized access to mobile phones, intercept personal information, and conduct fraudulent transactions. This has become a major concern for banks and customers alike. This summary outlines the risk of using mobile devices for payments as well as precautions that can be implemented. It discusses the various types of mobile banking frauds, such as phishing, malware attacks, and SIM swapping. The paper also covers the security measures that banks can implement, such as two-factor authentication, biometric authentication, and real-time fraud monitoring. Finally, the abstract emphasizes the importance of customer education and awareness about safe mobile banking practices. Overall, the paper provides insights into the challenges and solutions for securing mobile banking transactions.