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Dangers Of Shopping Are Evolving
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Sara Peters
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Sara Peters,
User Rank: Author
12/1/2014 | 9:37:18 AM
Re: So what is the correct approach?
@mejiac  Thanks! As far as Apple and Google getting into the mobile payment realm... well I think they're both just trying to get a piece of a business that's growing just fine without them.

Still, Apple Pay is supposed to add stronger multi-factor authentication to every purchase -- that's the good news. The maybe-not-such-good news is that the Apple Pay infrastructure makes you rely on Apple for the lion's share of your payment security -- moreso even than your bank. 

We wrote about it in September:  http://www.darkreading.com/apple-pay-ups-payment-security-but-pos-threats-remain/d/d-id/1315608
Sara Peters
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50%
Sara Peters,
User Rank: Author
12/1/2014 | 9:24:28 AM
Re: Glad to have an excuse to miss Black Friday
@David  Generally I hate shopping too, and do a lot online. But honestly, I miss some of the hustle and bustle, and the pretty lights and Christmas music playing, so I'll venture out into the fray just for the experience. I've even found the one cash register in the Times Square Toys R Us that never seems to have a line.  :)

But, I do feel it's a risk management issue. One of my favorite ways to shop is at the outdoor holiday markets they set up in some of the public parks in Manhattan. I worry about carrying cash, because those markets are a pickpocket's dream. But all the stalls in the market are small businesses using very small mobile credit card processing technology. I doubt that security is a big priority for them.

I HOPE that the wireless network for the merchants is separate from the free public wireless available in the park... but I think I ought to check on that.  :)  

 
prospecttoreza
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prospecttoreza,
User Rank: Strategist
12/1/2014 | 9:20:17 AM
Re: Glad to have an excuse to miss Black Friday
But Amazon has gotten way too expensive. The same toy I got at Toysrus on sale for $55 this Thursday is being sold on Amazon for $130! So, happy Amazoning :-)
mejiac
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50%
mejiac,
User Rank: Apprentice
11/30/2014 | 12:08:30 PM
So what is the correct approach?
Great article Sarah!

"The "convenience of storing credit cards to make mobile purchases easier" that Faulkner mentions becomes a greater concern as more shoppers use mobile devices to make purchases."

If this is the case, then how come companies like Apple and Google are pushing for the use of more mobil based payment?

I agree that things are more riskier, and the thread of identity theft is greater than ever before.

I for one keep a close eye on all my transactions, and only utilize credit cards that have fraud protection policies.

I see this as something that is inevitable, and thus we need to be more cautiuous, since it's not a matter of if it'll happen or not, is more about "when?"

What does the community think?
Nemos
50%
50%
Nemos,
User Rank: Apprentice
11/30/2014 | 5:07:38 AM
Re: Glad to have an excuse to miss Black Friday
You dont feel safe while shopping in the mall ? , for most of the people is a joy procedure (especially for women's and kids). In addition you can try the small shops around the corner instead of the malls.
David F. Carr
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0%
David F. Carr,
User Rank: Strategist
11/26/2014 | 12:24:00 PM
Glad to have an excuse to miss Black Friday
I hate shopping, so if I'm incrementally safer doing it on Amazon than at the mall, hooray!


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