According to the latest cybersecurity report by the Institute of Electrical and Electronics Engineers (IEEE), 70% of respondents believe that by 2030 mobile payments will be secure enough to overtake the use of cash and credit cards. Other mobile payment findings include: 46% of respondents believe the biggest concern in mobile payment technology is payment information hacks; 33% were worried about unauthorised payment processed by a mobile payment provider; 13% feared that accidental payments could be made by the NFC tag and/or QR code; and viral infection through the QR code concerned 8%. The survey also revealed that only 11% of consumers are aware of how their personal data can be used for commercial purposes without consent.
According to the latest cybersecurity report by the Institute of Electrical and Electronics Engineers (IEEE), 70% of respondents believe that by 2030 mobile payments will be secure enough to overtake the use of cash and credit cards. Other mobile payment findings include: 46% of respondents believe the biggest concern in mobile payment technology is payment information hacks; 33% were worried about unauthorised payment processed by a mobile payment provider; 13% feared that accidental payments could be made by the NFC tag and/or QR code; and viral infection through the QR code concerned 8%. The study also found IT admins should consider email security and trust in cloud storage is dropping.