Tag: Nok Nok Labs

Mobile security concerns aren’t keeping consumers up at night

A recent report has shown that device users appear to be relatively apathetic about efforts to protect their smartphones.

According to the results of a recent study that were published within a report, users of devices based on both the Android and iOS platforms have a higher fraud rate than the typical consumer, simply because they have not taken adequate mobile security precautions in their overall security and password habits.

Despite the fact that consumers are using their smartphones for transactions with personal data, they appear unconcerned.

Personal identifiable information (PII) is being regularly placed at risk by consumers who are using their smartphones and tablets to conduct a range of different transactions, but at the same time, they appear to be apathetic when it comes to actually taking mobile security measures that would help to protect that sensitive data. A Javelin Strategy & Research study has shown that as a result of this consumer apathy, a world of opportunity has been opening up for cyber criminals.

The mobile security report involved the participation of 5,643 American adults in a survey.

Mobile Security - Not a concern for some consumersThe report on the survey results was entitled “Smartphones, Tablets and Fraud: When Apathy Meets Security”. It was sponsored by Nok Nok Labs, an authentication technology provider. The participants in the study were all from the United States and were all over the age of 18 years.

The insight offered by this report was primarily to do with the increasing reliance of consumers on their mobile devices in order to be able to stay connected, keep up with their social media, access their email, and conduct various forms of transactions through the internet and a range of different apps. It pointed out that any one of those activities can hand cyber-criminals an opportunity with varying degrees of value in terms of personally identifiable information and account data that could either be misused or sold so that someone else could misuse it.

Regardless of this fact, the study showed that many consumers don’t come nearly close enough to taking the necessary efforts to protect themselves against mobile security breaches. The study revealed that about 6 out of every ten mobile device users use the same password over several different accounts on their device. That, alone, offers considerable exposure to cyber threats.

Mobile commerce platform embraces biometric technology

Alipay to adopt biometric technology to make mobile payments much more secure than they are currently

Apple may not be the only name in the biometric game. Alipay, the prominent mobile payments platform from China’s Alibaba, is preparing to launch its first biometric-based identification system. Biometric technology is becoming more important in the field of mobile commerce. Because this field has to do with the trafficking of financial information, security is a major priority for the industry as a whole. Biometric technology can help ensure the security of a person’s financial information while using a mobile device.

Biometric technology from Nok Nok Labs to be used on Galaxy S5 devices

Alibaba plans to enable secure online payments through fingerprint scanners on Samsung Galaxy S5 devices in the near future. These devices are equipped with biometric technology that will allow for secure mobile payments through the Alipay mobile application. The Alipay Wallet will also take advantage of this technology, replacing the password it needs with a fingerprint instead. The technology that is being used for this purpose comes from Nok Nok Labs.

Mobile security continues to receive relatively little attention, especially when it comes to matters of digital commerce

mobile commerce - biometrics security technologyMobile commerce security is a major issue that has received only modest attention in recent years. Despite the massive number of people that have embraced mobile payments, relatively few of them take steps to protect their financial information when shopping online. Some mobile commerce platforms also lack the security solutions needed to protect their users, which has lead to serious problems for certain companies in the past.

Biometric technology could make people much more comfortable with the concept of mobile commerce

Biometric technology is one of the most aggressive solutions to the security problem. A hacker can exploit the security faults of mobile devices and applications, but mimicking a person’s biometric information is a much more difficult task. Using a fingerprint to keep a mobile device secure could introduce a greater degree of security to the mobile commerce space and make people much more comfortable with shopping online from a mobile device.