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December 8, 2011

State of Online Fraud :Mobile Commerce vs Ecommerce:

The year  2011 has seen the coming of age of Mobile Commerce,  made its presence felt in specially during the  US  in 2011. Industry sources predict that the  next 2 to 3 years will see  Mobile Commerce exploding and perhaps even edging out E commerce.However as with every technology distruption , there are many evils that comes with it.

According to data from PayPoint’s, 30 percent of Internet shoppers, or roughly 10.5M people, made a purchase via mobile devices while another 30 percent made a purchase via social media.  According to PayPoint, fraud is on the rise because of growth in digital purchasing via mobile and social media — with projected growth of digital fraud growing 18% by 2015.
For much more information, download PayPoint’s full report, which is locatedhere.