Tag: mobile security

Wearable technology could bring the end to the password

This, according to predictions that have been released by Symantec.

If security firm, Symantec, is correct, then wearable technology such as smartwatches could soon mean that the need for us to try to remember a long list of different ever-changing logins and passwords could come to an end.

While mobile devices have previously been associated with low security, they could soon be giving protection a boost.

Mobile security has always been something that has made users feel a little bit leery, and has held back mobile payments and commerce from becoming reaching its true potential. However, wearable technology such as smartwatches, augmented reality glasses, and other wearables may one day make it possible for us to shake our reliance on password protection. They may currently be associated with privacy violations and hacking, but they also hold the ability to function with more accurate security protocols than password protection.

The boost that wearable technology could give to confidence in mobile security could be considerable.

Symantec released its predictions at the Wearable Technology Show, where Sian John, a technical specialist, called today’s password protection “frankly rubbish”. It was also added that the only reason that they are still being used is because they are user friendly compared to the alternatives that have been available until now.Wearable Technology and Passwords

John went on to explain that Symantec is currently investigating ways that wearables and other tech can provide a more practical and engaging mechanism for authentication. She also stated that by working collaboratively with the IT industry with regards to security standards, it could soon become possible for devices of all forms and from all brands to be able to communicate with each other in order to verify that someone is who he or she claims to be.

She said that “If you’ve got collaboration, you can end up with a sort of personal area network. If you’ve got your phone, your Fitbit and your Google Glass all in the same place, the actual proximity of those things can help us know that it’s you.”

At the same time, she also said that this sort of wearable technology remains in its very earliest forms and that these security solutions shouldn’t be expected to be developed tomorrow. The reason is that some time will be needed before it will be made possible for this universal form of authentication infrastructure to actually become affordable.

Merchants are becoming more conscious of mobile payments security

Security is attracting more attention from merchants engaging mobile consumers

Merchants are beginning to become more aware of the dangers that exist in the mobile and digital spaces, according to the results of the 2nd Annual Mobile Payments and Fraud Survey conducted by Kount, The Fraud Practice, and CardNotPresent.com. These dangers have existed for some time, but merchants have been blind to them as they rushed to enter into the mobile commerce space. While mobile commerce has become quite popular, it has also become quite a risky thing to participate in because of the lack of security that exists on many popular platforms.

Survey shows that many merchants are participating in mobile commerce, but few have adequate security in place

According to the survey, 66% of merchants around the world now support mobile commerce. Mobile commerce support among merchants is expected to rise by 30% annually over the next few years. Merchants are becoming more comfortable with the mobile space as they begin to expose themselves to consumers that primarily shop and purchase products from smartphones and tablets. These merchants are working to become more accommodating to these consumers in the hopes of remaining relevant with changing consumer behaviors.

Mobile commerce continues to be a risky field

Mobile Payments - Merchants concerned about mobile securityThe survey shows that nearly a third of merchants consider the mobile space to be more risky than e-commerce. Mobile commerce has become a popular target for hackers because of the trafficking of financial information. This information can be somewhat easily accessed by hackers because of the lackluster security that exists with most mobile commerce platforms. While this has become a major concern for merchants, it has also caused many consumers to avoid mobile shopping.

As security improves, consumers are likely to become more active in mobile commerce

As merchants become more conscious of the risks that exist in the mobile space, they are beginning to take security more seriously. This means introducing new features to popular mobile commerce platforms that merchants have designed themselves. More security is expected to increase consumer spending in the mobile field because they will feel more confident in the safety of their financial information.