The expansion and increased adoption of m-commerce is a contributor to fast-paced online spending growth.
M-commerce continues to gain momentum and visibility – more than half of Americans own a smartphone. The percent of web traffic on mobile devices is increasing every year, translating to increased mobile channel risk for merchants. By 2018 Forrester predicts mobile sales will account for 54% of all e-commerce. Merchants see this channel of commerce as a great opportunity to gain customers and customer loyalty. Unfortunately, fraudsters see these new channels to hack as an opportunity, too.
Luckily, our CEO Matthew Katz wrote an article on best practices to bring the elevated mobile fraud risk back to earth. The key is a layered security approach that uses the built-in security features common to many mobile devices.