Study Reveals Lack of Confidence in Mobile Payments
With acceptance of mobile and other new forms of payments expected to double in the next two years, a new global study shows a critical need for organizations to improve their payment data security practices. This is according to a recent survey of more than 3,700 IT security practitioners from more than a dozen major industry sectors independently conducted by the Ponemon Institute on behalf of Gemalto.
According to the independent study on Payment Data Security, more than half (54%) of those surveyed said their company had a security or data breach involving payment data, four times in past two years in average. This is not surprising, the survey said, given the security investments, practices and procedures highlighted by the surveyed respondents: