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volume 9 • spring 2016
Layers, Layers, Layers
The always-with-you nature of mobile devices—plus their exi- bility—provides the opportunity to add layers of security, as needed, for di erent types of mobile payments that may present di er- ent levels of risk, experts say. But because mobile devices are every- where, so is the possibility
of fraud (see sidebar). “Mobile devices accompany us in our movements, manage our commun- ications and allow access not just
to payments and e-commerce,
but social networking,” says John Dancu, CEO of IDology, which markets identity veri cation and fraud prevention services for the card-not-present environment. Even when banks and merchants use the highest levels of security for m-payments, there are many other areas that pose risks, such as “change events” in consumers’ use of mobile devices, Dancu says. Hundreds of di erent change events may occur in the mobile
environment, and routine actions such as when a consumer changes devices, switches to a new wireless carrier, swaps a SIM card or ports existing services to a new mobile number, each create possible cracks in the security armor that fraudsters could exploit.
IDology provides a suite of m- payment security solutions that include gaining access to mobile network operator data, so that a consumer’s mobile ID moves with
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