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Boston, MA (PRWEB) October 18, 2012
Mobile payments have arrived. Driving this revolution is a large collection of technologies, some of which are immature and not fully secure. Nascent solutions are a gilded invitation for criminals to attack at various points within the mobile payments ecosystem. Operating system (OS) developers, payment networks, banks, and even users need to be involved in keeping this evolving environment secure.
The two greatest threats to the mobile payments industry are malware and data breaches. The data breach is well understood and is a universal issue for the payments industry. Standards like PCI have gone a long way toward combating the problem. The malware problem, however, is more focused, initially affecting OS and applications developers, with the effects eventually spreading to the rest of the mobile payments community.
Mercator Advisory Groups new report, Mobile Payment Security, Fraud, and Risk: Breaches, Malware, and the OS Linchpin, examines these threats, explores ways in which fraudsters might exploit them, and indicates how the mobile industry should prepare and respond.