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Trends in banking technology that will be important to the mobile environment this year

01/07/2012 John Montgallo

As budgets for IT begin their rebound, Bank Systems and Technology (BS&T) has created a list of the trends that they expect will shape the way the bank technology industry will look over the next year and beyond. Over the last few years, the budgets for bank IT have remained essentially flat. As the financial and economic crisis took hold, the industry saw an overall tightening of belts. However, 2011, brought the first signs of an ease to that strain on bank IT executives, as they began to see some…

Increase in hacking crimes expected next year on mobile devices, in social networks, and enterprises

12/07/201112/07/2011 Julie Campbell

Next year is expected to open up new possibilities for businesses and consumers in terms of the various things that will be possible on mobile and in the social sphere, but at the same time it will also pave the way for a wide range of new cybercrime that will be making their attacks in all new ways. This year already showed notable gains for hackers, both in the frequency and the quantity of the data breaches they have accomplished. Companies of all sizes – including those that boast significant…

Next year will open up a world of mobile security issues

12/03/201112/03/2011 Jesse Collins

Mobile devices such as tablets and smartphones have become the primary form of technology among Americans, and it will become even more important in the years to come. It has been forecasted by analysts in the industry that by the year 2015, there will be over 1 billion mobile device shipments, well beyond what PC shipments can ever hope to achieve. While this does offer a great deal of potential for individuals to benefit, it doesn’t come without a significant level of risk. Naturally, the increased availability and use of…

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…