Sponsor Robert Siciliano as he runs the Boston Marathon for Miles for Miracles, Children's Hospital Boston
ROBERT SICILIANO is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds.

FREE EBOOK

Check here if you're human

Sponsors

Mobile Wallets—How I Make Mobile Payments Securely

0
Pin It

Some say there will be a day when the wallet you carry in your pocket or purse will become obsolete. The plan is to eliminate all our credit cards, store cards, and IDs and use our mobile phones as our primary means of commerce and identification. The technology behind mobile wallet or mobile POS (point of sale) basically turns your smartphone into a smart debit or credit card. Soon you will be able to pay for almost anything via your mobile device.

When mobile wallets and mPOS become more common, thieves will certainly look for ways to empty them. For instance, it’s possible for attackers to use technologies that allow them to “eavesdrop” on your payments or steal and transmit your credentials by extending the range of the wireless signal. Your data may also be manipulated or corrupted by an attacker.

So how do I conduct safe mobile payments?

Pay attention to your credit card statements to check that you are paying for what you actually purchased.

Only download mobile payment applications from a reputable app store. Check user reviews of the app and make sure to read to app’s privacy policy on what data of yours it is accessing and sharing.

Don’t do any mobile transactions over unsecured Wi-Fi connection. It’s much more secure to use your mobile data network.

Keep your mobile software current. This includes the latest updates for your operating system, mobile browser and mobile security software like McAfee Mobile Security.

Using your phone to pay for things simply by tapping it or swiping it at a store’s checkout terminal may sound like a convenience of the future, but it’s already here and you need to be prepared for this.

 

Robert Siciliano is an Online Security Evangelist to McAfee. Watch him discussing information he found on used electronic devices YouTube. (Disclosures)

About the Author
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.

Similar Posts

  • Making a Case for Mobile Payment
    Mobile payment can transform your shopping experience, making it more convenient and easy—and it’s secure, too! Forbes reports, “Shopping has become very impersonal. Few people have a relationship with a salesperson who knows their style and preferences and can direct them to the right items at the right prices as soon as they walk in the
  • Watch for New Attacks Aimed at Mobile Devices
    A mobile device is an indispensible extension of your life, containing some of your most private conversations and confidential information. It’s your phone book, email, photo album, social life, and even your wallet, all rolled into one device. Chances are if you own a smartphone or tablet, it is connected to your money or financial
  • My Top 5 Mobile Commerce Apps
    The day when your wallet becomes a relic, like an 8-track tape, isn’t here quite yet. But we are getting close. Thinning out your wallet isn’t just nice for your pants pocket. It’s also a good way to minimize your risk for identity theft, should your wallet ever be lost or stolen. As long as you’re
  • Digital wallets will save us!
    When you leave your home or apartment in the morning, you might pack up a small bag of whatever you need for the day, which might change daily. But what doesn’t change is the three things you always have, and that’s your keys, mobile device and wallet. They are three essentials we can’t function without. Fortunately,
  • 5 Things To Know About Contactless Payment
    Contactless payment, also known as NFC or near field communication, is a technology that allows electronic devices to communicate wirelessly. In the case of a mobile wallet application, those devices would typically be a mobile phone and a point of sale terminal at a checkout counter. (NFC has other uses beyond credit card transactions: it

Leave a Comment

You must be logged in to post a comment.

Xtreme School

Featured in

Anderson Cooper John Stossel Robert Siciliano Featured in
Browse by Month

Browse by Category