The increasing use of computers, smartphones and wireless devices has spun a web of opportunity for hackers. Many consumers let their guards down, assuming their online destinations have taken the right security precautions. But as we recently learned via data security breaches at Target, Home Depot, Ebay and several other lesser-known merchants, hackers are parasites that can weasel through even the smallest gap in security.
More so than ever before, consumers are learning the hard way how important it is to take security into their own hands, and quite literally, thanks to Mobile Lads Corp. A marketer of secure wireless transaction software solutions for the consumer finance, web and health payment processing sectors, the company’s products and services are based on core technologies that simplify and secure wireless communications; among them is xmVerify.
xmVerify is a real-time mobile transaction security service that prevents credit card fraud by requiring consumer authorization for online transactions. Using one of the best cryptographic services (which is a fancy term for techniques to provide unbreakable security), xmVerify is used when a customer makes a purchase online, where the credit/debit card number is sent with the purchase transaction. The associated mobile number is found and a text is sent to the number with a mobile URL to the xmVerify authorization page. The consumer is then prompted to review and authorize the purchase on their phone to complete the transaction.
Without the authorization, the transaction is indefinitely halted, preventing illegitimate data use. Crisis averted. It’s important to remember that not all breaches are the same – hackers use a variety of methods contingent on the target’s vulnerabilities or even lapses in the security of third-party vendors, as was the case with Target.
Collectively, hacking methods have led to a rise in data breaches. According to security firm Trustwave, the number of data breaches increased nearly 54% in 2013 compared to 2012; 54% of those breaches originated at e-commerce websites.
“As has been the case for more than 15 years, poor coding and data storage practices have left sites vulnerable to SQL injection, whereby criminal hackers gain access to cardholder data stored in databases,” states the report.
But that doesn’t mean merchants and consumers can’t fight back. Mobile Lads’ solutions enable seamless access to time-sensitive information and data on multiple network standards through the use of specialized wide-area wireless applications. The company’s goal is to emerge as a leading-edge wireless solutions organization, and with hacking on the rise, the company has plenty of leg room for growth and advancement particularly when it comes to xmVerify.
For more information, visit www.mobilelads.com
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