Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
Mobile Malware – What It Is and How To Protect Your Business
As smartphone sales are growing, the development of mobile malware, viruses that penetrate the security system of mobile devices, also increases. Because the smart phones are becoming increasingly more sophisticated and their operating systems are becoming more similar to a computer, it is now possible for them to be infected with malware and it is important for all business owners to be aware of this.
Just like computer malware, mobile malware is installed on your smartphone and will attempt to steal information and data stored on your phone. The information that can be stolen includes documents, passwords, email login details and even credit card details just like on a PC.
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