Experts are cautioning device users to take greater care in protecting themselves against security issues. Panda Security, a security vendor, recently released a statement that cautioned smartphone and tablet users to expect that mobile cybercrime will become increasingly creative throughout 2014, particularly through its social engineering. The company predicted that this will be one of a number of forms of security issue that will be worsening next year. The experts at Panda Security have forecasted that mobile cybercrime, as well as threats to corporate security, and ransomeware will be among…
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Mobile 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…
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