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In our continuing series on security best practices, we’ve covered many ways to secure your documents using WPS Office, from encryption to using password trackers and PDFs for protecting sensitive data. But no discussion of security best practices is complete without considering how mobile transactions can be guaranteed as secure—so let’s turn our attention now to securing your financial information and third-party cloud data when you make smartphone purchases.
Developing technologies, ecommerce, and more recently mobile ecommerce (or mcommerce) have provided greater ease of—and access to—transaction. But with this more convenient usage that allows us to do business with our smartphones comes added worries about security. Wired recently reported that security concerns are the number-one obstacle to wider adoption of mobile payments. These fears are not unfounded. IBM reported that hackers do have ways to access consumer data if the security of a vendor’s mobile payment product is not robust enough, adding that “no system is foolproof.”
Because of these security concerns, while over half (52 percent) of people in North America have awareness of the option for mobile payment, only 18 percent use their smartphone to make purchases, according to Accenture. That number, though, is expected to climb significantly this year, with eMarketer predicting a tripling in the number of people who use mobile payments in 2016, reflecting a growth rate of 210 percent.
If you’re ready to start tapping into the many benefits of mobile payment technology, it’s important to know how to secure your personal data. While most companies that allow mobile payments take steps to encrypt or authenticate user credentials, understanding ways to protect your mobile purchases can make a big difference in ensuring a safe shopping experience.
Keep these five strategies in mind before purchasing anything on your smartphone or mobile device:
If you’re using WPS Office for your iPhone/iPad or Android, then you have everything you need to take your office on the road and connect to the cloud from anywhere. The ability to make mobile purchases from your device gives you one more essential tool in your complete mobile suite—just be sure you take precautions to do it safely and maximize the security of your financial data. In our next two posts, we’ll talk more about how to keep this sensitive data protected by sharing a behind-the-scenes look at how two of our partners—Nexway and Avangate—keep your financial data secure.