Mobile payment security concerns continue to create serious privacy issues

mobile payment security concerns Digital Currency

A recent study by IIM Bangalore identified serious worries over smartphone based payment services. At a time when smartphones are essentially ubiquitous and digital wallets are picking up in popularity, mobile payment security concerns persist. According to a recent study, worries over risks of privacy and security continue to be problematic. Among the main issues appears to be the lack of global consistency in terms of mobile security standards. A study conducted by the Center for Software and IT Management at Indian Institute of Management, Bangalore revealed some of the…

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Nook mobile security called into question in Tablet 7 model

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Barnes & Noble’s latest mobile device has been criticized for pre-installed spyware. Nook mobile security is being called into question at a very unfortunate time of the shopping year. Barnes & Noble launched their Nook Tablet 7 in mid-November to add a new affordable tablet option to the market. The $50 tablet has a great deal of appeal to device users and gift givers shopping on a budget. While the tablet was aligned to provide some serious competition to other similar devices such as the 7-inch Fire tablet from Amazon,…

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We-Vibe app intimate data collection leading to class-action lawsuit

We-Vibe app lawsuit

The company behind the smartphone enabled sex toy is accused of using the application for secretly collecting data. A woman from the United States has launched a class action lawsuit proposal regarding the function of the We-Vibe app. The mobile app provides smartphone control over a sex toy manufactured in Canada. The woman has accused the company of secretly collecting “highly sensitive” information through the app. The device in question is a vibrator that is activated and controlled through the use of a smartphone. The woman launching the class action…

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Mobile privacy concerns from Facebook’s new Lifestage app

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The new Facebook app aimed directly at teens is causing worries over potential personal security issues. Mobile privacy concerns have appeared along with the unveiling of Facebook’s new Lifestage app. The mobile application is geared directly toward teens, raising worries about certain personal security risks. Facebook started as a social network for university students, but its market has been growing increasingly older. Those young original users have stuck with the social network. However, the platform hasn’t managed to appeal to younger users as it did when it first started. Therefore,…

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M-commerce apps seek improved mobile security

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As a growing number of companies focus on encouraging smartphone shopping, a need for protection rises. As m-commerce and other new technologies such as smartphone wallets grow in popularity, consumer advocates are sending out cautions to consumers that they need to place a greater focus on mobile security in order to protect their sensitive information and identity data from thieves. Shopping over a smartphone uses a considerable amount of personal information which may not be kept safe. The latest m-commerce apps allow consumers to purchase products and services, book tickets,…

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Cyber security may be in for some change in 2015

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Cyber attacks place more focus on security In 2014, various cyber attacks made headlines and attracted attention throughout the world. These attacks led to serious financial damage for companies that were targeted and saw the personal information of millions of people stolen. While cyber attacks are nothing new, there were many high-profile attacks targeting large companies, like JPMorgan, in 2014. This may have revitalized the focus in the cyber security sector, especially as mobile technology begins to play a bigger role in society. Cyber security may become more defined in…

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Mobile security efforts upgraded by Networks

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New flaws have been discovered by the IT experts at Karsten Nohl that would open up user messages to hackers. Karsten Nohl IT experts in Berlin have discovered mobile security flaws in the wireless phone networks that would give access to hackers so that they would be able to read messages being exchanged by users. The team spotted the issue in the SS7 protocol that is used for encrypting data by mobile phone operators. That SS7 protocol is used for the mobile security encryption of data when messages are being…

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Is mobile security moving too slowly for payment technology’s evolution?

Mobile security payments online retail card

Some Canadians have been expressing a feeling of loss of control over their private data. At a time in which mobile security has been called into question specifically in terms of the use of banking apps, Canadians are facing another potential issue with regards to the protection of their data in relation to their payment cards – both plastic and over their smartphones. The large banks and credit unions in the country are now creating debit cards under credit card logos. Certain large examples include the Interac-Visa Debit cards being…

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Mobile security and privacy demands made by Canadian watchdog

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The Privacy Commissioner in the country has now joined 22 Canadian and global counterparts in an open letter. The Canadian Privacy Commissioner has recently joined with 22 other watchdog groups and regulators within Canada and other parts of the world in an open letter that has been issued to tech giants such as Apple and Google, calling for massive improvements to the mobile security control that users have over the use of their private information by apps. The letter has been issued to seven of the largest app marketplace operators…

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Mobile commerce apps may place personal data at risk, FTC

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Consumers have already expressed that they are leery about smartphone based shopping, and this may not be paranoia. While some consumers have already started shopping over mobile commerce and many retailers and restaurants have been jumping on the bandwagon to provide apps to make that process easier than using the mobile web, recent research is starting to show that this may not be as safe as some think in terms of keeping sensitive data protected. Even Americans who are using these shopping apps for price checks are placing their personal…

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Mobile security issues grow as a result of device thefts

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Lost and stolen smartphones and tablets are making the effort to protect privacy much more difficult. Companies that are attempting to protect mobile security are finding that their jobs are becoming increasingly challenging as a result of the issues that arise following the loss or theft of devices such as smartphones and tablets. This, according to a survey that was conducted in the United States by ZixCorp. A US Cellular survey showed that 58 percent of individuals in the United States had experienced a lost, stolen, or damaged cell phone…

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