Merchants are not security savvy

More than a third (38.5 percent) of merchants don’t even know what type of risks new technologies such as mCommerce bring. They most likely wouldn’t recognize a fraud threat even if they were right in the middle of it. Those are the conclusions written in the new 2016 Mobile Payments & Fraud Survey, released by Kount. The figures are quite a surprise, knowing that mobile fraud increased by 81 percent between 2011 and 2015. "Despite awareness that the mobile channel poses a greater risk than standard eCommerce, businesses are taking a blanketed approach to their security strategies", said Don Bush,… [Continue Reading]