mobile payment

Fake mobile app fraud tripled in first half of 2019
In Q2 2019, RSA Security identified 57,406 total fraud attacks worldwide. Of these, phishing attacks were the most prevalent (37%), followed by fake mobile apps (usually apps …

90% of consumers value additional security measures to verify mobile-based transactions
A strong majority of US adults value additional security measures for mobile transactions, with 90% reporting they would want the ability to approve some or all mobile device …

Chrome will start warning users about shady mobile subscription pages
Google has announced that, starting from Chrome 71, users will be explicitly warned when attempting to visit pages that try to trick them into signing up for mobile-based …

Vulnerabilities in mPOS devices could lead to fraud and theft
Vulnerabilities in mPOS (mobile point-of-sale) machines could allow malicious merchants to defraud customers and attackers to steal payment card data, Positive Technologies …

PCI Council sets security requirements for mobile point of sale solutions
The PCI Security Standards Council has announced a new PCI Security Standard for software-based PIN entry on commercial off-the-shelf (COTS) devices such as smartphones and …

Merchants and financial institutions deal with escalating cyber attacks
Unsurprisingly, the Q3 2016 ThreatMetrix report shows a sharp increase in the number and complexity of cyber attacks. During what is traditionally a slow quarter, researchers …

Most would stop using digital payments if breached
88% of respondents to a survey conducted by Wakefield Research would stop using digital payments if they personally fell victim to cybercriminal activities as a result of a …

Security concerns still undermining mobile payments
Concerns about fraud and theft risks are inhibiting adoption of mobile wallets, but businesses underestimate the problem. The survey found more than half of consumers believe …

Microsoft Wallet enters the mobile payments fray: Is the industry secure?
The launch of Microsoft Wallet for Windows 10 users this week marks the latest entry from a major OEM into an increasingly booming mobile payments market. The new offering is …

Contactless payment market to reach $17.56 billion by 2021
The contactless payment market is expected to grow from USD 6.70 Billion in 2016 to USD 17.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.2%, according to …

Encryption securing money transfers on mobile phones can be broken
A group of researchers has proved that it is possible to break the encryption used by many mobile payment apps by simply measuring and analysing the electromagnetic radiation …
Mass adoption of mobile payment services derailed by security, privacy concerns
Evaluating the mobile payment preferences of 1,217 consumers from the U.S., a new Research Now survey revealed that 17 percent of respondents who did not make holiday …
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