lookout mobile security android Archives

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

02/10/2012 Stephen Vagus

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…

Safety techniques for the use of QR codes

01/08/201201/08/2012 Julie Campbell

Until a QR code is scanned, there is no way to know for certain where it will redirect a smartphone or tablet user, meaning that there is some risk that unethical individuals will use the barcodes to add a malicious code to the user’s mobile device. Fortunately, there are some ways for concerned mobile device users to protect themselves against website links with malevolent codes and infected app downloads. iPhone users don’t need to worry as heavily, as apps for Apple devices are carefully screened to make sure that their…

Electronic pickpocketing may be a major risk for NFC-enabled mobile devices

11/30/2011 Sam Lambert

As more major financial and technology companies investing in near-field communication (NFC), mobile commerce may soon become a major part of the worldwide society. With commerce evolving, new dangers are being discovered that put people’s money at risk. NFC technology, essentially, transforms any smart phone into a mobile payment device by enabling that mobile device to store its owner’s financial information. Smart phones are popular targets for theft, but today’s criminals are adapting to a new world where technology has become a significant force. Pickpocketing has existed since time immemorial…

NFC-driven mobile commerce may be the future, but may also be unsafe

09/27/201109/27/2011 John Montgallo

Mobility seems to be the future of commerce. For several years now, electronic commerce has been growing into a formidable force in the world of business. With companies like Amazon and eBay catering almost exclusively to digital consumers, the viability of electronic commerce has become an unavoidable part of the business world. The world of commerce is currently in a state of flux thanks to the rapid advance of mobile technology. With more consumers encapsulating their lives in their smart phones, the prospect of NFC-powered payments via a mobile device…

Cloud based fraud detection flying high for mobile users safety

05/23/201105/21/2011 Sam Lambert

An emerging provider of fraud prevention solutions in cloud based services did a joint study to see how customers felt about sharing their mobile location with a company. Over half of the consumers interviewed stated they were willing to share the information, if it meant being better protected from online fraud activities. The majority preferred sharing their info with banks, and reputable third party security monitors came in second. ThreatMetrix is a growing business that provides cloud based fraud prevention platforms to help online companies to verify new accounts, authorize…