Tag: mobile commerce security

Mobile security may not be the biggest concern in the digital commerce field

| January 29, 2015

Mobile security threats may not be as serious in the mobile payments space as they seem

Security has become a major concern in the mobile commerce space, but security firm Kaspersky Labs suggest that security may not be as big of a problem as some would claim. The firm notes that there has been a significant increase in the prevalence of mobile malware, especially in the banking sector. The security issues that exist in the mobile payments space, however, are still “fairly minimal,” suggesting that mobile commerce may be a much safer space than some believe it to be.

Mobile payments are not exposed to the same security threats as the banking sector

Kaspersky Labs notes that consumers participating in mobile commerce are not experiencing the same risks as those that are on traditional devices, such as laptops or desktop computers. This has to do with the relative youth of the mobile commerce sector. Because this sector is still in a state of infancy, malicious software has not yet had an opportunity to thrive therein. By comparison, the banking sector is quite old and has been involved in the technology space for several years now and this time has allowed malicious groups to focus their efforts on certain vulnerable areas.

New trends are emerging that could compromise mobile security

Mobile Commerce and Mobile SecurityWhile mobile payments may not be exposed to serious risks, there are still dangerous trends emerging in this space. Phishing Trojans are becoming more common in the mobile space. These malicious programs are designed to obtain the personal information of their targets, gaining access to bank accounts and exploiting other financial information. Such programs are likely to become more common and more sophisticated as the mobile commerce space matures.

Consumers can take steps to protect themselves and their important information

Consumers can keep themselves and their information safe through a variety of measures. Using anti-virus applications from reputable organizations, such as Kaspersky Labs, can help people protect themselves from malware. The increasing prevalence of biometric technology may also introduce more security to the mobile commerce space. This technology leverages biological information, such as a fingerprint, to protect a mobile device.

2015 may mark a shift in the mobile payments industry

| January 8, 2015

Mobile commerce may become more refined in 2015

The future of mobile payments is still somewhat uncertain, despite the growing popularity of mobile commerce. In 2015, there may be many changes seen in the mobile payments space, especially as new services become available and more people become comfortable with the idea of paying for goods and services from their phones. Security may become a major issue in 2015 as organizations specializing in mobile commerce begin to take steps to ensure that consumer information is safe from exploitation.

Apple Pay may serve to bolster the power of the mobile payments industry

Much of the conversation regarding mobile payments is likely to revolve around Apple Pay this year. According to a recent report from Forrester Research, the new payment service from Apple is expected to energize the mobile market. The report suggests that Apple Pay will drive the adoption of new wearable devices that have been developed by Apple and help bolster mobile payments overall. The report predicts that mobile payments in the United States will grow to $142 billion by 2019, with new mobile services, like Apple Pay, making it easier for consumers to spend money through their mobile devices.

Security will become a major priority in 2015

Mobile Payments 2015Security budgets are likely to increase across numerous industries this year. Many businesses have begun to take security more seriously because of the high-profile data breaches that were seen in 2014. These companies are investing more in security measures, especially those designed for the mobile space. The report from Forrester suggests that security spending will increase this year, but so too will the number of data breaches.

Consumers are becoming more comfortable with mobile payment services

Consumers are expected to become more confident in mobile commerce in the coming year. New services are being launched that include features that consumers have been demanding. These services are also becoming more secure and offering better shopping and payment experiences. As such, consumers are becoming more comfortable with using these services to pay for the products that they are interested in.