Mobile Security - The Line Between Security and Privacy

  • Phone Verification

As technology advances, consumers dependency on their Smartphone gets stronger. Smartphones have become more valuable to consumers because they serve many purposes beyond a standard line of communication. In fact, the dependency has become so severe there is now a phobia defined by the fear of not having your phone, nomophobia. Consumers not only store personal items on their phone likes pictures and emails, but now use their phone to conduct business and banking transactions. This has turned these gadgets into walking gold mines for two different reasons. First, Smartphones have a monetary value that physical thieves find desirable by pawning or selling. The more dangerous theft of the two is the potential identity theft through your phone being in the wrong hands. Many apps and mobile sites are designed to make logging in easy by storing personal information which may make things more convenient, but certainly not safer . Not to mention, many consumers store passwords and personal records in their phones for a quick point of reference.

In efforts to solve this problem, many app develop companies have created programs that use GPS as a way to track and locate your phone if it gets misplaces and/or stolen. While this technology is very useful and can save users from the pain of replacing their phones, it can also work against them in a very ironic way. The same technology that helps users find their misplaced phones also makes it easier for mobile hackers to access personal information. This is where the line between mobile security and mobile privacy often gets confused. While GPS centric apps help with mobile security, they also exploit privacy. As the mobile security landscape shifts and adjusts to new standards, especially in the regards to mobile payments and banking, it will become easier for companies to keep up. Perhaps that is the problem, right now mobile security is a step behind hackers. Fraud prevention measures are taking steps after malicious activity happens when it should be the other way around. By knowing the risks and implementing fraud prevention measures earlier, companies can help put security in front of fraud.

[Contributed by EVS Marketing]