Mobile app security gets tighter at WhatsApp

whatsapp mobile app security

The popular messenger application now features two-step verification to keep it more secure. WhatsApp has bumped up its mobile app security by rolling out its two-step verification. The security boost is now available to its complete use base. The announcement of the feature was made quite subtly within an updated version of the official website FAQ. The official mobile app security update rollout occurred on Wednesday. Now, all users can use two-step verification to tighten the security of their app. The step, when selected, requires phone users to enter a…

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Mobile security holes exist in 85 percent of apps

Mobile Security

A worldwide study has suggested that there are considerable privacy gaps present in most applications. Recently, a global study that was conducted on the type of mobile security that has been worked into apps in order to help to protect the privacy of the user, and it determined that the typical application is coming up short. The study was commissioned by the UK Information Commissioners Office (CIO). What the ICO study discovered was that 85 percent of the apps that were examined did not have adequate mobile security to protect…

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Norton Labs launches new QR code scanner that can protect from malicious content

QR Code Scanner

QR codes have not only become popular amongst businesses, they have also become a very useful tool for hackers. The codes have piqued the interest of smart phone users in the U.S. for the last four years, becoming more popular with each successive year. Hackers have seen this rise in popularity as a great opportunity to get their hands on people’s sensitive information. Recently, QR codes linked to malicious content, such as malware, have been becoming more common. Acclaimed security company Norton has released a new QR code scanning application…

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WiST unveils new sensor technology that could bring more security to mobile commerce and other industries

NFC techology app

As mobile commerce continues to grow in popularity, more technology companies are working to create new security measures for the industry. WiST, a wireless technology firm, has unveiled its latest sensory tracking devices that use NFC technology. The company claims that these new devices could improve the security of a variety of different ventures, including health care services, asset management, and banking. The company says that it could also help stop rhino poaching. WiST sensors are, essentially, NFC tags. As with NFC tags, the WiST sensors can take a variety…

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Cryptomathic creates mobile wallet application that uses cloud computing as a security measure

nfc technology Mobile Security

In the world of mobile commerce, security is a serious issue. Many companies have begun investing and creating mobile applications that make mobile commerce possible. None, however, have been able to make an application that is adequately secure from hacking. Even acclaimed technology company Google has failed to provide a resilient service. Cryptomathic, an electronic security firm, now claims that is has created the first secure mobile wallet platform. The company recently released the application to consumers worldwide. The application, called Cloud Wallet, uses cloud computing as a way to…

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Researchers create technology that can turn a credit card on and off

Mobile security payments online retail card

With news of Google Wallet not being as safe as it should have been, many consumers are expressing concern over adopting mobile commerce. While telecommunications and technology companies are quick to assure consumers that mobile payment applications will be safe in the future, financial institutions are taking these concerns quite seriously. Many credit companies are working to move away from traditional magnetic strips for their payment cards. In an attempt to modernize commerce, these institutions are beginning to adopt NFC technology. They are also looking to researchers from the Pittsburgh…

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Google to suspend prepaid cards for Wallet platform in light of security issues

Google mobile ads

Following news from Zvelo, a security firm, regarding a serious security issues with Google Wallet, Google’s mobile payment platform, Google has announced that it will be suspending the creation of new prepaid cards. The cards are linked to Google Wallet accounts and can be used to purchase goods from locations that are not capable of processing mobile transactions. Google is planning to address the issue and will resume issuing prepaid cards once the security problem has been resolved. The discovery of the flaw, however, may set Google’s plans for domination…

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Oracle unveils its multi-channel solution called FLEXCUBE for financial services industry

Mobile trends

Oracle Financial Services has announced the introduction of its FLEXCUBE multi-channel banking solutions which will help financial services organizations to provide their customers with increased personalization to their services through mobile and direct channels. The product is called the Oracle FLEXCUBE Multi-Channel Solution, and it provides new versions of previous product for direct and private banking. This will give banks the ability to offer products and services such as those based on complete portfolio views, over a multitude of different direct channels, including mobile. Through the use of this solution,…

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Google Wallet security compromised with the use of simple brute force programs

Google Wallet

Google’s ambitious endeavor to become a major force in the emerging industry of mobile commerce has been going well. The company’s Google Wallet mobile payment application has been well received amongst consumers with NFC-enabled smart phones. There may be a problem, however, with the security of Google’s system. The acclaimed technology company has been adamant in their claims that NFC transactions with Google Wallet are entirely safe, as the application boasts of a number of high-end security features. It seems that Google did not account for hackers using brute force…

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Worries over privacy and security in mobile

Mobile Commerce

Throughout this year, there will be a great deal of movement toward enforcement in the privacy and security areas of mobile, as many concerns have already been identified regarding the use of mobile apps, discount coupons, and payments. Mobile commerce is seeing an explosive growth, which does indicate that people are starting to become more comfortable with the concept of using their mobile devices to make payments for purchases. That said, there is still a certain degree of worry in the mobile sphere regarding the security of using smartphones for…

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Cellum showcases its secure mobile payment solution in London – Hungarian CellPay technology suitable for Western European markets

Mobile Payments

Budapest, February 1st 2012 – At London’s Mobile Payment and NFC conference, industry experts will exchange ideas on expected trends in mobile payment and purchasing this year. The three-day event is co-sponsored by Hungary’s Cellum Group, creator of the CellPay secure mobile payment system. The company’s innovative solutions include the MasterCard Mobile service whose world premiere in Hungary last autumn will soon be followed by its launch in other markets. Cellum’s innovative technology is not operator-specific. The Hungarian company’s CellPay system, presented by Cellum CEO & President and János Kóka…

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