With the recent announcement that PayPal will team up with Android Pay to bring its services to the mobile payments world, and a survey highlighting mobile payment capabilities as the most in-demand technology for retailers, the industry is clearly in the midst of a boom.
However, this continued proliferation can only be maintained if security considerations make up a key part of mobile payment implementation. This is according to enterprise app security specialist Promon.
According to the survey, 65 per cent of the IT managers and C-level executives polled cited mobile payments as being the most sought-after technology at their organisation. In the face of this sustained growth, it is crucial that businesses are mindful of the wider attack surface that this creates for cybercriminals, as well as the fact that user habits are still not up to scratch when it comes to responsible mobile device usage.
Tom Lysemose Hansen, founder and CTO at Promon, said: “There is no doubt that mobile payments are set to play an increasingly pivotal role in the way people make purchases in future months and years. Despite their inevitable benefits in terms of convenience and user-friendliness, there remain security concerns that must be…