Tech content trusted by users in North America and around the world
7,247 Reviews & Articles | 52,577 News Posts

Cybercriminals will enjoy victimizing mobile shoppers during holidays

Cybercriminals will look to exploit retailers and shoppers, especially smartphone owners enjoying mobile shopping
By: Michael Hatamoto | Hacking & Security News | Posted: Nov 24, 2014 9:46 pm

The 2014 Christmas shopping season will see a 4.1 percent increase in sales, up to $616.9 billion, and cybercriminals will be busy trying to find new ways to target retailers and shoppers. Since many smartphone and tablet owners don't bother anti-malware software, while some don't even password-protect their devices, there is an effort to hijack mobile technologies.




"Cybercriminals follow the flow of money, and this Thanksgiving, a very high number of transactions will take place through mobile channels," said Alisdair Faulkner, ThreatMetrix chief products officer. "Unfortunately, it can be difficult for retailers to use IP geo-location data to ensure mobile transactions are authentic. Instead, retailers should try to leverage trust intelligence networks to recognize customers with good mobile purchasing history, and complement this with finer grained authentication intelligence available with a native mobile application."


However, a more realistic approach will involve cybercriminals compromising retailers - especially as more consumers keep debit and credit card data stored with their favorite stores - as network security is still often overlooked.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts
View Our Latest Videos

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases