Purchases Via Smartphone on the Rise: Mobile Commerce to Replace the Wallet

There is no greater time to consider Snuko’s anti-theft smartphone software to protect yourself from the adverse consequences associated with having your smartphone stolen. In today’s society, a large majority of smartphone users utilize their phones for much more than phone calls or text messaging. Smartphones are being used for so many different uses that they are speculated to soon replace the wallet in our pockets and purses. Smartphones are soon to replace debit and credit cards. Not long after that it is possible for Smartphones to replace government-issued identification cards. For these foregoing reasons you should definitely consider Snuko’s smartphone technology that will enable you to locate and ultimate recover your smartphone almost immediately after it is stolen.

Researchers are very worried that these advances in smartphone technology will lead to an increased risk of identity theft and financial ruin for any theft victims. Alarmingly, $3.4 billion worth of purchases were placed via smartphone in 2010. This reflects a 143% raise in smartphone purchases since 2009. Even more shocking is the $1.5 billion in purchases shoppers placed on their smartphones for travel-related purchases.

If it seems far-off before merchants will actually be accepting smartphone payments, think again. Starbucks already accepts I-Phone payments for coffee and lattes. Other merchants following the trend include Nike, Buy.com and Amazon.com.

The new phenomenon is known as mobile commerce, and it’s not going anywhere. Purchases via mobile phones can be included in the month’s cellular bill or charged to pre-saved credit and debit card accounts.

As with any new convenience, mobile commerce comes with its own host of problems. Namely, federal protections allow for consumers to dispute credit card charges incurred as a result of a lost or stolen credit card. However, charges appearing on a cellular phone statement are not covered under the federal statute. Thus, if someone steals your smartphone enabled with mobile commerce technology, you may be out of luck for reimbursement of charges.

Snuko’s unparalleled smartphone software is the best way to protect your phone if you plan to utilize mobile commerce conveniences. It’s software enables victims of theft to immediately contact Snuko whereby the company will blackout the phone from use. Thus, if you have invaluable personal financial information stored on your smartphone, the thief will be able to access your information. 

Keeping Your Smartphone Off Hackers

Holiday season begins soon. As we make our checklists and planning our vacations, here’s one vital item to mark – smartphone security. Reason being, for instance you and your friends take a well-deserved break, of course you’ll be taking your personal communication gadgets with you – like the cell phone.

And chances are you may want to access corporate data. In fact, according to ‘Symantec Security Check, an Indian Financial Services Industry 2011’ showed that 81% of smartphone users access corporate information in their organizations.

With numerous alarming threats, emerging from unsecured networks to malicious apps, smartphone users (especially corporate employees) should cautiously consider these security threats and ensure that needed vacation from work doesn’t turn damaging.

The following best practices should you keep handsets secure:

Passcode lock feature:The first thing is to employ the ‘passcode lock’ feature, and ensure it is of a secure password: This could appear obvious, but 18% of smartphone users worldwide do not employ the passcode lock feature. This is the most essential security precaution with minimal effort that the user can employ.

Encrypt the data: Make sure you only permit devices that support encryption, hence guaranteeing that in the event where a device is stolen or misplaced, nobody could ever access vital corporate data. This could diminish the risk of a potentially costly data breach, hence additional cost for the need for new equipment replacement.

Use a cellphone device management solution: Smartphones and tablets nowadays are being used the just as PCs and laptops in which they are used to access email, access corporate servers and download enterprise apps. In the end, these device sand apps need to be administered through the whole device lifecycle from device provisioning, securing, monitoring and device retirement.

Ensure OS and apps are updated regularly and use security software: Although most business organizations offer security software for work-related smartphones, 42% of business smartphone users globally are unaware if their organizations provide any, this is another research done by Symantec survey.

Follow employer-specified practices: Any cell phone device that has access to sensitive corporate data should be subject to corporate policies.

Take in account new threats: Traditionally, the utmost threat to mobile security has always been physical misplacement or theft of devices, and with the introduction of numerous apps hackers are more and more switching to apps.

In several instances, these apps came as legitimate. Hackers download them, add malicious code, and then repost them. Users can’t detect any difference in functionality once the have downloaded such apps in their smartphone, yet the downloaded app carries out malicious activity in the background.

In the end, although you may be enjoying your spare time this festive season of summer, cybercrime doesn’t go on a vacation.