Mobile Payment

Mobile Security

Issued by: Help Net Security

The PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS (MPoC) builds on the existing PCI Software-based PIN Entry on COTS (SPoC) and PCI Contactless Payments on COTS (CPoC) Standards, which individually address security requirements for solutions that enable…

Vulnerabilities

Issued by: Help Net Security

There’s a 1% decrease in suspected online retail fraud worldwide during the start of the 2020 holiday shopping season compared to the same period in 2019, a 59% increase from the same period in 2018 and a 14% increase from all of 2020 so far, TransUnion research reveals. Holiday shopping season fraud stats The findings…

Network Security, Software Security

Issued by: Help Net Security

A new report from Juniper Research found that facial recognition hardware, such as Face ID on recent iPhones, will be the fastest growing form of smartphone biometric hardware. This means it will reach over 800 million in 2024, compared to an estimated 96 million in 2019. The new research, Mobile Payment Authentication: Biometrics, Regulation &…

Mobile Security

Issued by: Help Net Security

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 transactions before the transaction is completed, and 71% interested in approving all such transactions. One in five (19%) would prefer only to approve some transactions, such as…