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Mobile security threats abound with smartphone payment platforms

mobile security smartphone payment platformResearchers are cautioning device users to be careful with the financial and personal data they share.

As mcommerce explodes in popularity, a rapidly increasing number of people are shopping over their smartphones and tablets, making them a natural target to those who would threaten their mobile security through malware and other malicious cyber attacks.

This, according to the researchers at Javelin Strategy and Research, who wrote a report on the topic.

In its most recently released report from Javelin, the researchers explained that the mobile security threats to the various payment platforms have already reached $20 billion, and they are on the rise. They explained that the smartphone payments sector’s open source platform at Android may experience some of the largest struggles as a soft target, with its 50 million domestic smartphone users.

The researchers pointed out that the mobile security threats will be far from exclusive to Android device users.

Equally, though, the researchers also indicated that mobile security threats are targeting the iPhone and its 33 million domestic users. This could be even more damaging as these are the individuals who have the greatest tendency to shop over their smartphones and who spend the most money on their mobile purchases.

According to the authors of the report “Smartphone security is an increasing concern as mobile malware multiplies exponentially, and Android’s open source platform continues to gain market share over iOS.” They indicated that while Android is the target of the majority of malware so far, as it has the largest number of users, hackers still consider iOS to be the most valuable goal, if more challenging to crack.

The report stated that “iOS users spend more individually and have greater deposits on average than Android users.”

The researchers expect that by 2017, approximately 57 percent of adults will own smartphones based on the Android operating system. This will be almost precisely double the number who are predicted to have iPhones, at 28 percent. This skyrocketing use of Android devices will align predictably with the type of mobile security threats and malware volume that the researchers anticipate over the same time period. This is not unprecedented, as the number of Android targeting malware threats increased in the second half of this year from about 30,000 to approximately 175,000.

Zynga confronts crisis with major overhaul

zyngaZynga aims to recover from trouble through re-structuring

Once mammoth mobile and web game developer Zynga has hit a very rough patch recently. The company, which is behind some of the most popular online games in the world, such as Farmville, saw its stocks crash in recent months, falling 85% from its all-time high. Zynga has been a formidable name in the mobile gaming space for years, but has been confronted with problems that may be forcing the company to re-structure and re-consider its focus on social gaming.

Developer cuts 150 jobs as part of overhaul

Over the past several months, Zynga has seen lackluster performance with many of its games. This month, the company cut 150 jobs in an effort to save itself from financial ruin and to prepare itself for a major overhaul. The overhaul is being loosely dubbed as Zynga 2.0, but it is unlikely that the game development company will stray far from its mobile gaming roots or risk breaking new ground by developing games that may not find success. Ironically, this is part of the problem that lead Zynga to its current crisis.

Developer targeted by EA in copyright lawsuit

Zynga has long been criticized in the game industry, as well as others, for its focus on quick-to-market mobile and social games that are almost identical to well-established, successful games that come from major developers like Electronic Arts. The similarities between these games are so striking that Zynga has found itself in the midst of a copyright lawsuit from Electronic Arts, which claims that the company blatantly stole and used concepts from one of its popular games. While Zynga may have etched out some early success with its approach to gaming, this success garnered the company with a great deal of attention that it may have wanted to avoid.

Overhaul may bring Zynga back to the top

Despite the myriad problems that Zynga is facing, the company’s popular games still boast of a massive following. Farmville 2, for instance, claims some 45 million monthly active unique users. Zynga has seen less success in its mobile gaming ventures and the launch of other titles, but the company may be able to pull itself back from serious crisis if it can adopt a more quality-centric development formula.