Some of the most popular applications used by shoppers in November and December had red flags. The 2020 holiday shopping season unsurprisingly broke prior m-commerce records, but many of the retail apps most commonly used displayed mobile commerce security red flags. Many of the top Android retail applications showed some serious security concerns in a recent analysis. According to a recent HelpNetSecurity on a September 2020 analysis, the majority of the leading 50 Android retail apps had failed to apply adequate core hardening and runtime application self-protection (RASP) techniques. Those…
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Mcommerce companies continually threatened by fraud
Although mobile commerce offers a tremendous opportunity for revenue generation, these threats are cutting into the bottom line. According to the results of a recent study that was conducted by Javelin Strategy & Research and LexisNexis, retailers are still hopeful to be able to generate revenue over the mcommerce channel, but they are struggling with fraud threats that run risks of $283 for every $100 that is actually lost to fraud over mobile. The study’s findings are showing that there is rapid growth being experienced over this channel. There is…
Read MoreMobile security risks grow for small businesses with mobile payment use
Though the door to opportunity may open through this technology, it also presents vulnerabilities. The American smartphone payments market is being powered primarily by small businesses that are using this technology to save money and offer convenience to their customers but it is also opening these companies up to a number of mobile security risks. At the same time, this industry is only expected to continue to grow over the next few years. Forrester Research has predicted that payments over devices such as smartphones and tablets will increase explosively from…
Read MoreMobile security issues grow with the channel’s popularity
Cyber crime is growing over smartphones and tablets as shopping and payments become more common. Studies are beginning to show that the comfort and confidence that consumers have with shopping and paying for purchases over their smartphones is beginning to grow, but the more common it becomes to use these devices, the bigger the mobile security threat is growing. Though the use of smartphones and tablets boosts opportunities and convenience, it also opens the door to fraudsters. Each new digital opportunity for consumers is also one that is being watched…
Read MoreMobile commerce has consumer confidence like never before
A recent report on current trends has shown that there is a considerable upswing among smartphone users. According to a quarterly report issued by BuzzCity, consumers now find mobile commerce to be more appealing than at any other point in the history of the channel. The report focused on the various trends currently impacting the worldwide smartphone advertising industry. According to the data in the report, consumer confidence is rapidly growing and previous smartphone payments security concerns appear to be shrinking. Today, those worries are at 3 percent, when compared…
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