As the use of mobile payments grows globally, so too does the risk of mobile payments fraud. Gartner, and other eminent research companies, predict that these services will be extremely attractive to fraudsters and those seeking vehicles for money laundering. According to Gartner, mobile payment services are expected to reach US$245 billion in value worldwide by 2014.

According to Neural Technologies, an appreciation of the fraud and risk threats posed by mobile payments can be achieved through understanding the various mobile payment products and services on offer, as well as the different technologies used to deliver them. [Read more…]