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Mobile payment apps are changing the way we do business, but they can also be convenient ways to send money to friends and family. It’s easier than ever to send money to the people who need it, but also easier than ever for hackers to gain access to that money before it gets where you want it. How do you keep yourself and your money safe, while also being able to access the convenience of mobile payment apps?
How Mobile Payment Apps Work
You can pay using your phone, even without apps. Some companies, such as your phone company, allow you to pay your bill using standard text messaging....
According to the credit reporting firm Experian, the average Internet user has about 19 different online accounts, for which they only have seven different passwords. In addition, one in ten users never change their online passwords, and one in 20 uses the same passwords for all of their online accounts.
Those statistics definitely show that the password system is broken. When passwords were invented in the 60's, they were rather simplistic, as there was not a wide scale need for them. Today we have passwords for an exponential amount of web services. Couple that with the fact that we no...