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Majority of cybersecurity experts expect mobile payments data breaches to grow

Friday 25 September 2015 00:28 CET | News

A majority (87%) of cybersecurity experts foresee an increase in mobile payment data breaches, yet 42% have used this payment method in 2015, a recent report unveils.

According to a recent report conducted by global cybersecurity association ISACA, cybersecurity professionals are willing to balance benefits with perceived security risks of mobile payments. Only 23% believe that mobile payments are secure in keeping personal information safe and nearly half (47%) say mobile payments are not secure. At 89%, cash was deemed the most secure payment method, but only 9% prefer to use it.

Survey respondents ranked major vulnerabilities associated with mobile payments: 26% of respondents blamed the use of public WiFi, 21% lost or stolen devices, 18% pointed towards phishing and 13% towards weak passwords.

The report indicates that the most effective way to make mobile payments more secure is using two ways to authenticate their identity (66%), and requiring short-term authentication codes (18%). Less popular was installing phone-based security apps (9%).


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Keywords: cyber-attacks, cyberfraud, web fraud, online security, internet users, cyber-security, data breaches
Categories: Fraud & Financial Crime
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Countries: World
This article is part of category

Fraud & Financial Crime






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