Will Security Fears Affect Mobile Payment Adoption?

Operators must work alongside device manufacturers to keep personal data and payment information safe from prying eyes.

The digital world is no safer than the physical one, and making it safe ‘enough’ is a constant battle. Among the huge range of systems that are vulnerable, the one closest to everyone’s heart is their personal data. Almost every week, the news carries a story of we hear about a major business being hacked and customers’ credit card and other details being stolen, and then sold. The famous Adobe hack involved 38 million customers; the Target attack resulted in the theft of credit card details of 40 million customers; and more recently, personal data of 2.4 million Carphone Warehouse customers was compromised along with credit card details of about 90,000 customers. Read More