Retailers are taking mobile security more seriously as commerce continues to change As retailers become more interested in mobile commerce, they are also beginning to become more interested in the matter of mobile security. The mobile sector has become a popular place for fraudulent activity and such activities could be having a significant financial impact on businesses and consumers alike. LexisNexis has released a new report that focuses on the impact of fraud and sheds some light on how fraud is growing throughout the retail sector. Merchants are being exposed…
Read MoreTag: mobile security news
Mobile security based on heartbeat to be used by Bitcoin
The online currency is looking to biometrics to verify identity. Bitcoin has already changed the way companies, businesses, and governments think of currency, and now it’s working on altering the way that mobile security verifies identities, through the use of a wearable biometrics through the use of a user’s heartbeat. They will be using a smartphone app called Nymi which was developed by a company called Bionym. Bionym is a company based in Toronto, Canada. This mobile app development will help to make sure that digital wallets are more secure.…
Read MoreMobile security report shows spending to reach all time high
A recent report issued by Research and Markets has revealed that spending could come to $9 billion in 2013. Research and Markets has now released a report on recent data that has illustrated a trend in mobile security spending, worldwide, and that indicates that the figures will be reaching their highest point, to date. The report has indicated that spending on software, infrastructure and services is already aimed at its largest amount ever. The report from Research and Markets indicates that global spending on these mobile security factors will likely…
Read MoreMobile security gains momentum on the back of biometric technology
Biometrics could revolutionize mobile security Goode Intelligence, a market research and analysis firm, has released a new forecast report concerning the state of the mobile market and the demand for biometric security solutions. Mobile security has become a major issue for businesses and consumers alike. With technology playing a larger role in society, a lack of security could have dire consequences for many people. The new market report from Goode Intelligence outlines the growing prominence that mobile security is beginning to establish throughout the world. More than 3.4 billion people…
Read MoreMobile security weaknesses revealed at Money 2020 in Vegas
The general message from the speakers is that awareness will be critical to smartphone payments adoption and success. According to Money 2020 speaker David Abouchar, the senior director of product management at the online and mobile security firm called ControlScan, fraud is among the top barriers to the adoption of smartphone based payments and wallets. According to Abouchar, there are 10 billion acts of fraud on an annual basis. David Abouchar underscored the following important points regarding fraud and mobile security: • What merchants understand of the payment card industry…
Read More