Information security officers say increased focus on mobile could lead to more cybercrime

Information security officers say increased focus on mobile could lead to more cybercrime

ECommerce companies that look to utilize mobile payments may have a long way to go to convince customers of its safety, as a survey from KPMG finds that 92 percent of information security officers believe the adoption of mobile technology will bring about an increase in cybercrime. Companies should highlight their use of security measures such as PCI compliance and SSL certificates.

"Security in the m-commerce era will be more highly automated, backed by more sophisticated tools to support employee compliance and decision-making," according to KPMG. "Data will be more precisely classified according to the level of protection it requires. Data analytics will move center stage in order to spot fraud trends. Security awareness will need to penetrate all aspects of a company’s business."

Almost two-thirds of financial services, technology and retail businesses are already operating mobile payments, according to the survey, with $100 billion worth of mobile payments made in 2011.

Moving forward, companies should look at new ways to secure mobile payments and stick with tried and true methods such as PCI compliance to keep customer information safe.