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Mobile security partnership formed between BAE and Vodafone

| February 19, 2013

Mobile Security PartnershipBAE and Vodafone team to address mobile security

BAE Systems, a leading security firm based in the United Kingdom, has announced its partnership with telecommunications giant Vodafone this week. The two companies have entered into a five-year deal through which they will address cyber security issues on various platforms, include mobile devices. Much of the focus of the new partnership will be placed on mobile security, with both companies developing a wide range of communications security products for the mobile space.

Security becoming a top priority as more consumers go mobile

Mobile security continues to be a significant issue throughout the world. More people are purchasing and making use of devices like smart phones and tablets. These consumers are relying heavily on these mobile devices in their daily lives, sharing a vast amount of information through these devices with others. As such, these devices have become popular targets of hackers who are interested in exploiting consumers information for some gain. The issue of mobile security is becoming more important as more consumers begin to participate in mobile commerce.

Evolving state of digital world makes it difficult to establish a lead over hackers

BAE has been looking to expand its cyber security division for some time. Cyber security has, however, proven to be a very difficult sector to find success in due to the constantly evolving landscape of the digital world. New security measures are introduced on a nearly daily basis and hackers routinely find ways around these measures very quickly, making it very difficult for companies to introduce comprehensive security products that address the concerns of consumers. BAE believes that Vodafone can help with this problem as the company has extensive experience in the realm of mobile security and technology.

Cloud-based security system to be introduced this year

Per the agreement, Vodafone and BAE will introduce a new, cloud-based mobile security system to Vodafone’s 1,500 largest corporate clients. This cloud-based system is expected to help protect these corporations from threats such as data breach and fraud. Future security solutions will be introduced for consumers as the two companies further develop their mobile security products.

Mobile commerce making waves in Chinese retail

| February 19, 2013

Mobile Commerce China Retail GrowthMobile commerce sparks major growth in the retail sector

E-commerce is growing in China, backed heavily by an interest among consumers in mobile commerce. Jingdong Mall, the country’s largest online retailer, has announced receiving more than $700 million in funding from a consortium of investors that are interested in the company’s prospects in e-commerce. The funds are expected to help expand the company’s digital operations and new business ventures. Jingdong Mall is not the only retailer that has been seeing heavy investment activity recently. Several others have been finding success through a stronger focus on mobile commerce and the consumers enthralled by mobile technology.

Transaction volume growing quickly due to online shopping

According to a recent report from the E-Commerce Research Center, digital payment volume in China’s retail sector has been growing aggressively. By the end of December, 2012, online transaction volume in the retail market reached more than $160 billion, a growth of more than 64% over what this volume had been in 2011. The number of online shoppers has also increased in the country, reaching 247 million consumers by the end of 2012. Many of these consumers made purchases throughout the year using their mobile device.

Consumers show favor for mobile shopping

The growth of mobile commerce and e-commerce is expected to have a significant impact on physical retailers in the coming years. Many of these retailers in China has begun making the transition toward e-commerce, with tentative plans to abandon their old brick-and-mortar shops at some point in the future. Those that have no plans to embrace e-commerce may find some success through the adoption of mobile commerce, but this success may be short lived as consumers begin to favor online platforms for shopping.

Internet connection proves to be a problem for mobile commerce

The development of mobile Internet continues to gain speed in China. As consumers gain access to better Internet connections, they will be more likely to participate in mobile commerce. Currently, slow load times for e-commerce sites and digital retail services keep many consumers from participating in mobile commerce. The retail sector is working to alleviate this issue, however, in order to capitalize on the prospects of mobile consumers.