Going Cashless May Have Turned Easy, But Not Worry-proof - If You Misplace Your Phone Or If The App Automatically Deducts An Amount, Don't Be Surprised For What Follows. Many Mobile Payment Options Conspicuously Lack Privacy Safeguards, Session-time-out/log-out Assurance, And Consent Locks. A New Study Switches The Torch On Some Serious Gaps

Going Cashless May Have Turned Easy, But Not Worry-proof - If You Misplace Your Phone Or If The App Automatically Deducts An Amount, Don't Be Surprised For What Follows. Many Mobile Payment Options Conspicuously Lack Privacy Safeguards, Session-time-out/log-out Assurance, And Consent Locks. A New Study Switches The Torch On Some Serious Gaps


13-April-2017

BANGALORE, INDIA: A brief study, by the Centre for Software and IT Management at IIM Bangalore, on the risks associated with Indian mobile phone-based payment systems, has raised many pertinent and significant questions. The post Going cashless may have turned easy, but not worry-proof appeared first on CIOL.