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Mobile security alerts start the new year with the first Android malware warning

01/01/201304/11/2014 Julie Campbell

The first warnings for mcommerce concerns for Google OS smartphones and tablets released for 2013. A new and relatively damaging mobile security threat has just been announced in the form of a Trojan virus that can attack Android smartphones and tablets, and device users are being cautioned to make efforts to protect themselves against it in the 2013. This malware is capable of attacks that involve execution of Distributed Denial of Service (DDoS). Little is still known about this mobile security threat, but what has already been understood is that…

Mobile payments security threat will increase in 2013

12/26/201212/26/2012 Jesse Collins

Could worries over the safety of use hold back adoption of this technology? As security is one of the main concerns voiced by consumers and is one of the top issues faced by mobile payments providers, the news regarding the growth of threats next year is not entirely welcome. According to a recent study, the more popular the technology becomes, the greater the number of threats. Mobile payments, like online banking, brings financial access and technology together. Though its use has been picking up, it has in no way reached…

Mobile security partnership formed among U.S. Government, IQT and Tyfone

12/15/201212/15/2012 Jorge Gonzalez

NFC technology will be at the center of the strategic investment and tech development deal. Tyfone, a mobility software and NFC technology solutions provider, has just entered into a mobile security agreement with In-Q-Tel (IQT). IQT is a nonprofit that discovers new and innovative technology solutions for the American government. According to the IQT technology vice president, Jay Emmanuel, “Tyfone has an impressive patent portfolio and history of innovation in mobile financial, secure ID management, and NFC solutions”. He added that “We believe that Tyfone’s technology has the potential to…

Mobile payments success or failure is based on security

09/14/201209/14/2012 Jennifer Goula

The measures taken in this light will define whether or not the industry thrives. The mobile payments marketplace is becoming a crowded place in terms of companies that are – or will be – offering the services, but studies are showing that the only way that consumers will get on board with this new use for smartphone technology is if the security will be shown to be adequate. One survey after the next is showing that the primary hesitation from consumers is over security concerns. Predictions in early 2011 had…

Major credit companies come together to make mobile commerce more secure

08/31/201108/31/2011 Stephen Vagus

As mobile commerce begins to gain momentum among consumers, some major credit card companies are developing mobile apps that will boost the security features of NFC-enabled smart phones. Visa, MasterCard, American Express and Discover are all investing in NFC-powered mobile transaction, believing that the mobile commerce will become a favored payment medium in the future. Mobile commerce has been plagued with concerns over security, however, leaving many questioning whether the industry will ever become established. The security issues inherent in mobile commerce are quite glaring. Given that financial information must…