Computer Security Day 2014:

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Mobile payment security and tokenization In light of Computer Security Day on 30 November, it is important to recognize ways in which heightened security is necessary for mobile devices. With 6 out of the world’s total 7 billion people using mobile phones, and about one-third of cyber-attacks involving a mobile device, mobile security has gained the highest priority position. Security experts Omlis and Orion Software and Services claim that mobile payment encryption requires a unique, advanced approach for securing consumer data. One out of every six smartphone users has been subject to a cyber-attack, according to a recent report from Experian. These users may or may not have realized that they’ve fallen for a phishing scam, had their personal data taken to use offline or had an account hijacked. With Gartner forecasting that 448 million global users will use their mobile phones for transactions by 2016, a need for mobile phone security is imminent, with increased adoption....

November 26, 2014
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