At the start of the 21st century, trend forecasters predicted that our homes would be full of desktop computers by now. Given how quickly we were all warming up to personal computing and internet technology, it was a reasonable expectation—but it failed to anticipate the rise of mobile devices. There’s no need to cover every available desktop surface with a computer when you’re walking around with a smartphone that can do whatever you need, but when it comes to cybersecurity most of us are still stuck in a PC computing mindset. As more and more shopping and payment processing is happening through phones and tablets, what can we do to promote a safe and fraud-free mobile payments environment?

The golden rule of fraud is that it follows the money. As consumers have warmed to mobile ecommerce, payment apps, e-wallets, and other technological conveniences, fraudsters have been right behind them, testing new systems for weaknesses and finding vulnerabilities in the hardware, software, and human behaviors that enable them.

Full Text:
https://www.chargebackgurus.com/blog/mobile-app-fraud-prevention-security-elements

©Chargeback Gurus 2020
Production: Tyler DeLarm
Narration: Sarah Rife