Tag: m-commerce security

Mobile security investment made by Alibaba

It has been reported that the online marketplace has spent tens of millions on the LBE Security Master app.

The massive Chinese online shopping marketplace, Alibaba, has reportedly send tens of millions of dollars in funds into the LBE Security Master smartphone and tablet antivirus tool in order to be able to make a stronger presence within that industry.

The LBE Security Master is a HIPS Android app that found its beginning as an online discussion.

HIPS stands for host intrusion prevention system. It is an installed type of package of software that monitors a single host through the use of any of a number of different kinds of methods of detection. It can then identify suspicious activity through the analysis of the events that are occurring in that host. This mobile security app got started as a Meizu forum group discussion.

This mobile security app can be used by smartphones to locate problems in real time.

Mobile Security InvestmentLBE Security Master has managed to create an adaptation of a mobile antivirus engine (the AVL) SDK for smartphones so that a monitor is in place for real time spotting of newly discovered spyware, adware, and malware.

The company has a number of different products within its portfolio, including the LBE Security Master, but also privacy space, one click root, and management of authentication. The latest version of the product also includes a privacy management function feature for near field communication (NFC).

Alibaba and this company reportedly have the intention of rolling out the distribution platform, the Taobao Mobile Helper app, so that they will be able to create a mobile payments product which will be developed as the Alipay Wallet. All of the top local internet companies have come up with their own mobile security services that will provide for that sector. For instance, the Baidu Phone Protector was just launched by Baidu for what appears to be a relatively similar purpose. Alibaba looks to be working to keep on top of this trend so that it will be a part of leading the way instead of falling behind and losing its position in very important areas.

Security continues to be a major issue for mobile commerce

Focus on mobile identity is growing due to popularity of mobile commerce

Mobile identity is becoming more important to businesses, especially as more consumers around the world begin to rely on smartphones, tablets, and other devices in their daily lives. Market research firm ResearchMOZ has released a new report concerning the growing importance of mobile identity and how businesses are beginning to invest more heavily in biometrics and other such technologies. The report cites the growth of mobile interactions and mobile commerce as the influence behind higher investments in mobile identity.

Companies begin taking security more seriously

Mobile identity is an aspect of security that has become quite important in the world of business as more companies around the world begin to participate in mobile commerce and offer mobile-centric services. Companies are beginning to invest heavily in mobile identity infrastructure as it is being seen as an efficient and economic form of fraud detection and prevention. Mobile identity largely relies on the use of biometric technology, such as fingerprint scanners, to make things like mobile commerce more secure for consumers.

Mobile commerce security too sparse for some consumers

Mobile Commerce and Security IssuesMobile commerce, in particular, could have a lot to gain from businesses focusing more heavily on mobile identity. Mobile commerce has struggled with security issues for much of its existence. Many consumers that have shown interest in shopping for and purchasing products with their mobile devices have expressed concerns regarding the security of their financial information. Mobile commerce has become a popular target for hackers, many of whom are finding it relatively easy to exploit the financial information of consumers. A lack of security can expose companies to significant liability issues, especially when financial information is involved.

Companies seek to make mobile commerce safer

The report notes that companies like Google, Groupon, and Vodafone have made mobile identity a top priority. This is due to the involvement that these companies have in mobile commerce. As businesses begin to invest more heavily in mobile identity, better security systems are expected to begin emerging. Many of these security systems are expected to leverage biometric technology in some way.