Mobile payments projected to reach $1.3 trillion annually

Cyber Crime mobile payments

Though this is very promising for the technology, it has also made it very appealing to cybercriminals. As the popularity and use of mobile payments continue to rise to the point that the latest projection for the market is that it will reach $1.7 trillion per year by 2017, cybercriminals have not failed to take notice and are becoming an ever present element of the use of this technology. It is predicted that these security threats will only continue to grow along with the use of the technology. At the…

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