It's easy to steal a mobile phone or hijack
Bluetooth data transmission. Let's get some perspective on what can go wrong in
mobile payments.
Security Concerns in Mobile Payments
Here's a quick list of possible attacks in mobile payments. Knowing what can go
wrong allows you to protect against it!
A mobile device can be infected by a virus. This virus can then capture
sensitive information, including data being transmitted during credit
card-based transactions.
A mobile device can be stolen. The track of transactions through Premium
SMS can be easily found, and new transactions can be made before service
deactivation.
Typical PINs are 4 digit long. Once the attacker knows the phone number of
a person, he or she can try to guess the PIN!
An average mobile user is not an expert on technology or security. She or he
may keep credit card information in plain text on the device itself, or give out
information to anyone else.
Data can be hijacked on the network, over the air, or between the merchant
and the payment gateway, and can be changed and retransmitted.
It is easy to spoof SMS. Spoofed SMS messages can be sent to the payment
gateway for confirming a payment.
Pages:
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201