There is no denying that the digital revolution is well into
its maturity, but there is yet another movement that is growing rapidly and
will soon catch up to those who arent paying attention. More and more
businesses are moving into the palms of their consumers and entering the mobile
space. And as more people move to mobile as their main channel of usage, their
mobile devices have turned in to portable hub for storing personal information.
The more information consumers store on their phone, the more it makes theses
mobile devices a target for fraud. According to an article in Mashable,
someone in the US loses their phone every 3.5 second! These theft add up to
more that $30 billion of losses each year. The FFC has developed a tool, the Smartphone
Security Checker, to help secure the 120 million American smart phone
users. Of these 120 million smartphone users, more than half of them do not use
password protection and less than 5% of smart phones use third-party security
software. The lack of security has lead to mobile
security of all types to increase 350% in the past two years.
Its hard to believe that these statistics are floating
around the industry and no one cares. The biggest issue with mobile security
is that businesses are still trying to figure it out. Most companies are in the
stage of testing or entering the mobile space and probably have not even had
the chance to assess the risks. One of the biggest hurdles of fixing and
preventing mobile fraud is understanding it. There are multiple types of mobile
fraud, and multiple ways of preventing it. Education is at the core of
protecting your company and consumers – mobile security is more an issue of
knowing than caring. EVS is dedicated to educating and helping businesses understand and prevent mobile fraud. Preventing fraud comes at a much lower
cost that the damage of trying to fix it once something has happened. Whether
it be a breach, stolen device, or securing a mobile app, EVSs knowledge based
authentication is designed to stop hackers and identity thieves in their tracks.
Take the first steps to protecting yourself against mobile fraud in 2013, and
contact EVS to start the conversation about mobile fraud.
Infographic provided by Mashable
[Contributed by EVS Marketing]
