As the U.S. mobile payments has grown to $20 billion, it has increasingly attracted the attention of sophisticated hackers. While most malware has thus far targeted devices on the Android open source platform, there are strong financial incentives for hackers to focus their efforts on iOS devices. Javelin’s research indicates that iPhone users spend more individually and have greater deposits at their primary FI, on average, than Android smartphone users.
Javelin’s industry analyst, Al Pascual, will explore smartphone owners’ cautious attitudes and willingness to protect their mobile devices from threats. However their risky behaviors demonstrates a disconnect between intention and know-how. Financial institutions, card issuers, mobile wallet providers, and merchants have a number of options for providing a secure user experience.
During the webinar, Al will answer:
- What are the primary threats facing smartphone owners?
- What are the major vulnerabilities of each operating system?
- What is the volume of mobile payments made through the browser and app for each OS?
- What can financial institutions, card issuers, mobile wallet providers, merchants, and consumers do to protect personal and payment information on the mobile device?