Mobile security weaknesses revealed at Money 2020 in Vegas

Money 2020 - First Day - Mobile Security

The general message from the speakers is that awareness will be critical to smartphone payments adoption and success. According to Money 2020 speaker David Abouchar, the senior director of product management at the online and mobile security firm called ControlScan, fraud is among the top barriers to the adoption of smartphone based payments and wallets. According to Abouchar, there are 10 billion acts of fraud on an annual basis. David Abouchar underscored the following important points regarding fraud and mobile security: • What merchants understand of the payment card industry…

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Mobile security could benefit from combined Nokia and Microsoft effort

Microsoft mobile secrurity Outlook app

The two companies are actively working to raise the stakes for making the devices safer. Microsoft’s agreement to purchase the smartphone business from Nokia – worth $7.2 billion – is giving the software company the boost that it may need to surpass both Samsung and Apple in terms of mobile security. The company is gathering what it needs to create a smartphone platform that is enterprise class. Despite the fact that Microsoft does now have the technology and will soon also have the manufacturing facilities that it requires, it is…

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

nfc technology Mobile Security

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…

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Anti-counterfeit technology could make QR codes safer for consumers

QR Codes Security

As QR codes become a more integrated part of society, the risks they present to consumers is becoming more noticeable. Malicious codes have been appearing all over the world. These codes often link to mobile websites that contain viruses or other dubious content. Six Degrees Counterfeit Prevention, creators of security technologies and strategies, has entered the QR field in the hopes of making codes, and consumers, safer. The company is bringing its innovative encryption technology to the fashion industry, where QR codes are seeing a great deal of use. The…

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