Tag: mobile security

Wearable technology hack prevention taken on by Wichita State profs

The professors have already received $380,000 in funding to help them to accomplish their research.

Two professors from Wichita State University have now received $380,000 in funding in order to discover whether wearable technology is as safe as it needs to be for mainstream consumer use.

The idea is to determine if this latest mobile tech craze is revealing more about people than they know.

The use of wearable technology – such as smartwatches, wristbands, fitness trackers, smartglasses, and others – is starting to grow. It remains somewhat of a niche market, but it is definitely growing to the point that it has the potential to be the next multimillion dollar tech craze. That said, as has been the case with every other form of connected computing, there is a chance that cyber attacks could occur with these devices, and that they could end up revealing far more about the wearers than they realize.

Therefore, the two profs are now aiming to keep wearable technology ahead of wrong-doing hackers.

 Wearable Technology ResearchAccording to Murtuza Jadliwala, he and his team are “actually investigating the cyber security and privacy issues linked to wearable devices.” The funding for this project came in the form of a grant from the National Science Foundation. In this project, Jadliwala – who is a computer scientist and electrical engineer – and Jibo He, a psychologist and computer scientist, will work together with their team in order to find out if smartphone, smartwatch, and fitness tracker sensors are revealing too much information about their users.

Jadliwala stated that “What we are trying to study is, data available from these devices, what kind of additional private information can be inferred from this data?” These professors aren’t trying to look at whether or not hackers will be able to break into a device to steal personal information. Instead, what they are trying to determine is how accessible the sensors on wearables are to others, when they are meant to be tracking the wearer’s health information, location, and even the keystrokes entered when typing a search, login, or password.

They also want to see if the motion sensors inside wearable technology can reveal what is being typed into a smartphone. According to He, this is “So we’ll know who you dialed to or we’ll know what’s your password of your email or how to unlock your smart phone.”

Mobile commerce fraud is on the rise in Asia

Smartphone penetration leads to the rise of mobile commerce

In Asia, smartphone penetration is accelerating and these devices are becoming more popular for those that are interested in shopping online. By 2018, Asia is expected to account for half the world’s mobile users, with many people beginning to use their smartphones and tablets to play games, purchase products, and use social networks. As mobile adoption rises, however, fraud is becoming a greater problem in the mobile commerce space in Asia.

Japan, South Korea, and China have become very attractive mobile markets

Currently, Japan and South Korea are leading the way when it comes to mobile commerce adoption, with approximately 50% of both country’s populations engaging in mobile transactions. China has also become a very prominent mobile commerce market. In the first quarter of this year, mobile sales in China reached $58.4 billion, according to a recent report from iResearch. Companies are beginning to invest more heavily in the mobile space, and this is making the sector more attractive to malicious parties.

Mobile commerce fraud is becoming more common

Mobile Commerce FraudWhile mobile commerce represents only 14% of all transactions being made in Asia, it also accounts for 21% of all fraudulent transactions being made through mobile devices. As fraud continues to grow, mobile commerce merchants are beginning to feel extreme financial pressure. Merchants incur costs of $3.34 for every dollar that is being spend on a fraudulent mobile transaction. This is 27% higher than the costs merchants would incur from a fraudulent transaction being made on a traditional PC.

Mobile security is becoming a priority for businesses and consumers alike

Several merchants in Asia are beginning to get involved in the mobile commerce space, but they will have to find ways to better protect consumer information. Security risks have been a major concern for consumers, and these concerns have slowed the adoption of mobile commerce platforms to some degree. Several companies offering mobile payments services have found ways to improve security through the use of biometric technology, which leverages biologic information, such as fingerprints, in order to protect transactions and consumer information.