Editorial – Mobile commerce and security should go hand-in-hand Mobile technology has become an integral part of society. People around the world are using their smartphones and tablets to connect to one another in a dynamic way. These devices are also being used by people to connect with businesses, creating new ways to shop and purchase products. The advent of mobile technology has led to the emergence of mobile commerce. While mobile commerce has been met with favor from people the world over, it is not a paradise free from…
Read MoreTag: mobile security applications
Norton Labs launches new QR code scanner that can protect from malicious content
QR codes have not only become popular amongst businesses, they have also become a very useful tool for hackers. The codes have piqued the interest of smart phone users in the U.S. for the last four years, becoming more popular with each successive year. Hackers have seen this rise in popularity as a great opportunity to get their hands on people’s sensitive information. Recently, QR codes linked to malicious content, such as malware, have been becoming more common. Acclaimed security company Norton has released a new QR code scanning application…
Read MoreCryptomathic creates mobile wallet application that uses cloud computing as a security measure
In the world of mobile commerce, security is a serious issue. Many companies have begun investing and creating mobile applications that make mobile commerce possible. None, however, have been able to make an application that is adequately secure from hacking. Even acclaimed technology company Google has failed to provide a resilient service. Cryptomathic, an electronic security firm, now claims that is has created the first secure mobile wallet platform. The company recently released the application to consumers worldwide. The application, called Cloud Wallet, uses cloud computing as a way to…
Read MoreResearchers create technology that can turn a credit card on and off
With news of Google Wallet not being as safe as it should have been, many consumers are expressing concern over adopting mobile commerce. While telecommunications and technology companies are quick to assure consumers that mobile payment applications will be safe in the future, financial institutions are taking these concerns quite seriously. Many credit companies are working to move away from traditional magnetic strips for their payment cards. In an attempt to modernize commerce, these institutions are beginning to adopt NFC technology. They are also looking to researchers from the Pittsburgh…
Read MoreGoogle to suspend prepaid cards for Wallet platform in light of security issues
Following news from Zvelo, a security firm, regarding a serious security issues with Google Wallet, Google’s mobile payment platform, Google has announced that it will be suspending the creation of new prepaid cards. The cards are linked to Google Wallet accounts and can be used to purchase goods from locations that are not capable of processing mobile transactions. Google is planning to address the issue and will resume issuing prepaid cards once the security problem has been resolved. The discovery of the flaw, however, may set Google’s plans for domination…
Read More