A new report revealed the lack of protection enterprises are putting into place on employee devices.

MobileIron has released a new report providing insight on the state of mobile security shortfalls in business. Enterprises are inadequately securing employee mobile devices and apps. This leaves them open to a spectrum of cyber threats, says the MobileIron report.

The results of the study were published in the 2016 Q2 Mobile Security and Risk Review.

Fewer than 5 percent of companies have adequately implemented threat detection software. A mere 8 percent of enterprises have enforced updates to operating systems. Failing to take these very basic steps represents considerable mobile security shortfalls, says the report. Moreover, 40 percent of businesses have experienced a loss or theft of mobile devices. That represents an increase of 7 percent over only two quarters beforehand, in Q4 2015.

The insight provided by these statistics in mobile security shortfalls is considered to be quite alarming.

The main problem is that the number of mobile devices used for business is rising exponentially. Moreover, those devices are being used with a dramatically larger number of mobile apps. At the same time, the number of mobile security threats is growing explosively. The landscape is, therefore, becoming much more dangerous very quickly. However, businesses are not even covering the basics to make sure their data is secure.

According to MobileIron lead architect, James Plouffe, “The velocity of mobile attacks is increasing, but the latest data shows that enterprises are still not doing the things they could be to protect themselves. This lack of security hygiene demonstrates that enterprises are alarmingly complacent, even when many solutions are readily available.”

This situation is less problematic in the U.K. There, businesses take greater action against mobile security shortfalls than their counterparts from other countries. The research indicated that only 39 percent of U.K. businesses were out of compliance. This was the fewest among all the countries studied. Moreover, they also had the fewest compromised devices at only 4 percent. Furthermore, they experienced the lowest rate (17 percent) of having staff members remove mobile device management software from their smartphones and tablets.

In China nearly two thirds of all shoppers are now regularly using wallet apps to complete purchase transactions.

A new report revealed that almost two out of every three Chinese consumers use smartphone mobile payments regularly. The report was aimed at better understanding the country’s internet development. China Internet Network Information Center conducted the study and revealed the results of its data analysis.

The report showed 64.5 percent of Chinese smartphone owners use mobile payments to buy products.

That figure represents about 424.5 million people in China. These figures are as up to date as June 2016, which represents some very recent insight into this smartphone mobile payments trend. It also shows an increase in usage of 7 percent since December.

Aside from mobile wallet use, the report on the study also stated that there are 710 million internet users in China. This is nearly double the entire population of the United States. An estimated 656 million internet users connect to it via mobile devices.

The rapid growth in smartphone mobile payments is credited to the quick development of the necessary infrastructure.

The ecosystem needed in order to implement mobile wallets was adopted very swiftly in China, said the report. Recently, Samsung Pay and Apple pay have also entered the mobile payments market in China. This has given the sector’s growth a shot in the arm.

A rising number of manufacturers such as Xiaomi and Huawei launch NFC technology enabled smartphones. The result is a greater compatibility with many mobile payments tech requirements. Near field communication is the technology behind many large mobile wallets such as Apple Pay. The more consumers have NFC enabled smartphones, the greater the ability to actually use the mobile payment apps.

According to IDC research firm senior analyst, Michael Yeo, “Mobile payments have become a part of life in China now, driven by a combination of factors including e-commerce and mobile commerce, and services such as taxi-hailing apps.”

Yeo also explained that the success of smartphone mobile payments is as great as it is as the Chinese market is less influenced by legacy payment methods. Credit cards and banking cards are not as ingrained in Chinese society. Moreover, many people in the country use the internet exclusively over mobile devices.