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“IoT” is an acronym for the “Internet of Things.” And any device that can connect to the Internet and transmit or receive data can be considered a “smart” thing. That includes smart homes, also known as connected homes. Smart homes — in which IoT devices such as thermostats or ovens can be programmed from anywhere — are popular with consumers who seek convenience. Some people, however, may not realize the connected devices or appliances they’ve grown to depend on could leak private information or be susceptible to hackers. In the rush to get products to market, smart device makers may not see security as a priority.
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....