Mobile and gadget articles dominate the news and Cybercrime costs are revealed
In the media over the last 2 weeks: The Daily Mirror studied whether smartphone users were at risk of fraud using public Wi-Fi networks. Chip and PIN celebrates its 5th birthday, the UK Government reveals how much cybercrime costs the UK and the m-commerce development across the world is growing far quicker in Asia than in the UK and USA.
Media monitoring: 14-20th Feb 2011
Happy Birthday Chip and PIN
It’s now 5 years ago since Chip and PIN changeover. Figures from last year show that debit / credit card spend overtook cash spending for the first time.
The UK Cards Association’s chair Melanie Johnson commented, “years on and cards continue to be an increasingly popular way to pay – whether at home or abroad”.
Government figures show cybercrime costs the UK over £27bn
Figures released last week by the Government show that cybercrime costs the UK over £27 billion a year.
The estimated cybercrime costs are:
• Total cost to UK: £27bn
• Business: £21bn
• Government: £2.2bn
• Citizens: £3.1bn
The BBC has revealed, “the figures, published for the first time, are a mid-range estimate and the real cost could be much higher.”
Survey reveals strong m-commerce interest
According to a survey completed by Accenture, active mobile users would welcome the ability to pay for goods and services using their mobile phone.
The survey has revealed that many Eastern Asian mobile users, such as China, Japan and Korea are more likely to use mobile payments than those in the EU and USA.
Our recent post on mobile payments explains that Reuters and Engadget are reporting LG will launch mobile payment some time in 2012.
Look out for more information to follow on mobile payments.
Media monitoring: 7-13th Feb 2011
Google strengthens log-in process
Google have revealed changes to the log in process, to reduce the risk of users having their accounts hijacked if a user’s password is stolen.
The option of a second verification signing in process is designed to complement the current password only system, and Google have already begun the roll out process for this two-step verification.
Mobile security threats increase and public Wi-Fi hotspots warning
According to McAfee, mobile security threats rose sharply last year and malware increased 46% in 2010 in comparison with 2009.
Not only do mobile / smartphone users have to contend with an increase in mobile malware, but public Wi-Fi hotspots pose the risk of potential fraud. Mobile users who use the internet or Wi-Fi could find themselves becoming a victim of identity theft if they do not maintain their mobile security settings.
Privacy concerns on Facebook and Google in the US
According to a poll by USA Today, users of Facebook and Google worry about malware and privacy when using the social networking site and the search engine.
Whilst many Americans worry about privacy and malware, this doesn't stop them from using the sites, comScore recently revealed, Facebook's U.S. unique visitors reached 153.9 million in December, up 38% year-on-year, while time spent on the site and total page views grew 79% and 71%, respectively.
Find out more about the legislation the US would like to introduce on privacy and security on the web.
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