More people than ever are using mobile means to transact and make payments. Unfortunately, that opens up new opportunities to fraudsters and hackers as well.
In order to combat such cybercrime, the PSCI Security Standards Council has recently released new guidelines aimed at aiding developers, merchants and payments processors provide safer mPOS solutions.
Much of this security revolves around cardholder data, or CHD for short. In fact, 96 percent of all data targeted in 2012 was CHD, and credit card fraud cost an estimated $5.55 billion globally in an increasingly targeted industry.
Which industry segments were most affected, and what type of mPOS system is needed to combat this crime? A new infographic from MokiMobility helps answer those questions. Click the image below for the full pdf.
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