Security is becoming a major issue, especially as people around the world begin to rely more heavily on mobile technology to function in society. Security is becoming a major concern in regards to mobile commerce. As consumers become more reliant on their mobile devices, they are beginning to become more enthralled with the concept of using these devices to make purchases. This growing interest has lead many technology and telecommunications company to begin developing mobile commerce platforms very quickly, which could be leading to fairly serious security problems that could put the financial information f consumers at risk of exploitation.
Mobile wallets being produced at break-neck speeds
Mobile commerce platforms, often called mobile wallets, have been in development since early 2011. Google is one of the companies that first introduced one of these platforms, which came in the form of the now popular Google Wallet. Several other companies, both large and small, have produced similar platforms, with some companies working on releasing numerous variations of the same platforms they have already released. The companies interested in mobile commerce are eager to ensure that their position in the burgeoning mobile commerce industry is secured.
The speed at which mobile wallets enter the market may hint to their inherent security flaws
Elephant Talk Communications, an international telecommunications business, believes that the rampant pace at which these companies are releasing mobile commerce platforms is leaving room for serious security risks that could damage the finances of consumers. The company suggests that the more a company focuses on the speed of producing these platforms, the more likely they are to overlook serious security faults. Thus, insecure platforms could be released to the global market, which could then be easily exploited by hackers.
Companies may not be taking time to ensure the security of their mobile commerce platforms
Currently, mobile commerce hinges on NFC technology. The technology allows for the transmission of digital information and makes mobile wallets effective commerce tools. NFC technology is often criticized for its lackluster security features, but the problem may instead lie with mobile wallets themselves. If companies are not taking the time to ensure that their platforms are secure, mobile commerce could see serious delays in adoption around the world.
HID Global aims to make NFC technology more secure through new service
HID Global, a leading manufacturer of secure identity solutions, has announced the launch of a new cloud-based platform that will add more security to NFC tags and other services based on the technology. HID Global believes that the new security platform will eliminate some of the risks inherent in using NFC technology and make it more attractive for companies interested in things like mobile commerce and marketing. It will also provide another layer of security for the transfer of digital information, such as documents and other important data.
NFC receives criticism for lackluster security
NFC technology is popular in both mobile commerce and mobile marketing because of its ability to engage consumers in a dynamic way. In commerce, NFC serves as a platform for transactions being made through a mobile device, such as a smart phone. The technology is capable of turning these devices into mobile payments platforms. Despite the popularity of NFC technology, it has managed to attract criticism for its lackluster security features. Because the technology is beginning to play a bigger role in society, HID Global is looking to help solve some of the security problems inherent with NFC technology.
New services provides authentication and identity certification to NFC tags
The new service from HID Global will help ensure that NFC tags are safe and free of exploitation. This will be done through the attribution of an authentication transaction environment. This allows for the system to distribute and maintain identity certificates for the NFC tags it accounts for, thus ensuring the integrity of these tags. HID Global will be able to determine whether or not the tags associated with the system have been compromised and determine how they were exploited.
Security continues to be a major concern in mobile commerce
NFC technology has garnered a great deal of attention for its abilities to engage consumers in a new way. The adoption of the technology has, however, been impeded by security concerns. In mobile commerce, a shortfall in the security of NFC technology could mean that a consumer’s financial information could be at risk of theft and exploitation. These concerns have served to slow the progress of the mobile commerce industry significantly.
