How secure is Mobile Phone Payment ?
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How secure is Mobile Phone Payment ?
Is mobile phone payments the new frontier for criminals in UK
Yes we all have smart phones or mobile phones and the 2 main problem with phone are:
An app that lets you steal a credit card by simply waving a phone over a leather wallet on someones hand or over someones back pocket. Fortunately, it was created by a security expert to find vulnerabilities in wireless payment technologies.
By 2015, consumers worldwide will buy about 1 trillion pounds worth of goods with their phones and tablets. Apart from running out of mobile phone battery or recharging your phone battery using a mobile phone charging station, the expectation is that fraud will account for 1.5 percent of all mobile phone payment transactions in four to five years, says Avivah Litan, an analyst at tech researcher Gartner
Only a few UK consumers have tried mobile payments and research shows that nearly over 70 percent of mobile phones are not password-protected. Most UK Parents also allow their children to play with their phones without considering that they may download some bit of malware without realising the risk they may entail given the data stored on their mobile device.”
Criminals can access a mobile wallet by stealing the handset or by tricking you into downloading a piece of malicious code however, while Banks and mobile-payment providers are scrambling to build and buy better defenses. “There is lots of investment into solving this problem
Getting the technology right is simpler than figuring out how to divide responsibility for fraud detection and apportion losses when fraud has taken place. A typical transaction involves a wireless carrier, a payment service, and a bank.
Alway keep your mobile smart phone safe and with you all the time.
Contact the Team: advertising@chargezone.co.uk for Advertising or Press
Chargezone is a public smartphone recharging unit with band focused advertising. Our goals are:
• To always keep the UK public connected on-the-Go and never running out of battery.
•To further improve your organisation's smartphone marketing strategy
Follow @chargezone
How secure is Mobile Phone Payment ?
Is mobile phone payments the new frontier for criminals in UK
Yes we all have smart phones or mobile phones and the 2 main problem with phone are:
- Dead battey which you could recharge-on-the -go using a mobile phone charging machine
- Unsecure Mobile Phone Payment
An app that lets you steal a credit card by simply waving a phone over a leather wallet on someones hand or over someones back pocket. Fortunately, it was created by a security expert to find vulnerabilities in wireless payment technologies.
By 2015, consumers worldwide will buy about 1 trillion pounds worth of goods with their phones and tablets. Apart from running out of mobile phone battery or recharging your phone battery using a mobile phone charging station, the expectation is that fraud will account for 1.5 percent of all mobile phone payment transactions in four to five years, says Avivah Litan, an analyst at tech researcher Gartner
Only a few UK consumers have tried mobile payments and research shows that nearly over 70 percent of mobile phones are not password-protected. Most UK Parents also allow their children to play with their phones without considering that they may download some bit of malware without realising the risk they may entail given the data stored on their mobile device.”
Criminals can access a mobile wallet by stealing the handset or by tricking you into downloading a piece of malicious code however, while Banks and mobile-payment providers are scrambling to build and buy better defenses. “There is lots of investment into solving this problem
Getting the technology right is simpler than figuring out how to divide responsibility for fraud detection and apportion losses when fraud has taken place. A typical transaction involves a wireless carrier, a payment service, and a bank.
Alway keep your mobile smart phone safe and with you all the time.
Contact the Team: advertising@chargezone.co.uk for Advertising or Press
Chargezone is a public smartphone recharging unit with band focused advertising. Our goals are:
• To always keep the UK public connected on-the-Go and never running out of battery.
•To further improve your organisation's smartphone marketing strategy
Follow @chargezone
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