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Reas Baumhof
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Mobile payments are on the rise among both small and large retailers for ease of use, convenience and faster checkout times. According to data from the ThreatMetrix Global Trust Intelligence Network, nearly one in four transactions on Black Friday and Cyber Monday originated from mobile devices.
As the popularity of mobile payments increases, so does the risk of cybercrime and malware. Mobile malware is expected to more than quadruple in the next year, with an estimated 89,556 new strains of mobile malware by the end of 2013 and an estimated 403,002 new strains in 2014.
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Reas Baumhof
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