Over 30 percent of user information leaked, mobile payment security is facing challenges

I do not know if you have ever heard of a virus called "Ghostface Silver Thieves." This is a payment virus that was seized in 2014. Can be disguised as popular applications such as banking, finance, and wealth management, fraudulently downloading users. Once installed and activated, users can steal user bank account passwords, ID card information, etc., and can also privately intercept and upload user message contents (including verification codes) to designated numbers. .

Billion-billion payment shows from a report that these mobile payment and shopping software are mainly distributed in e-commerce, wealth management, group purchase, third-party payment, banking, aviation and other related fields. 19.7% of payment-like viruses can read user SMS and intercept verification codes. In a large and complex mobile payment industry chain, security problems may arise at any one point, because hackers are pervasive. From traditional banks to third-party payments, from e-commerce platforms to internet financial institutions, they all face the challenge of mobile payment security.

Lack of uniform safety standards:

Security is the most important factor in determining whether mobile payment can be accepted by consumers. At present, mobile payment still lacks standardized and uniform security and technical standards. According to Chai Haixin, general manager of Lenovo's online certification, due to the double obstacles from policies and customs, most domestic smart terminal devices and payment platforms do not have world-class security technical support. However, Lenovo is making efforts in this regard: to promote the popularity of FIDO (fast online identity authentication technology) in China. (The FIDO Alliance was established in 2012 and consists of 48 high-tech companies, including Google, Microsoft, Paypal, eBay, ARM, and Lenovo. The alliance aims to create an online certification for industry support and gradually replace the user's dependence on traditional passwords. The new authentication technology will also become an internationally recognized industry standard like Wifi, GPS, and USB).

Pay the security policy of the 2.0 era:

The development of the online payment industry over the past few years has mainly achieved the popularization of related technologies such as NFC, two-dimensional codes, and cloud payment, the promotion of online payment concepts, the cultivation of user habits, and the integration and transition of offline to online payment models. Nowadays, with the emergence of various new types of intelligent terminals, especially the development trend of the Internet of Things, which has become irresistible, the payment industry has reached an important stage of industrial upgrading, ie, the 2.0 phase. The payment industry needs innovation, and the security sector is the first to bear the brunt. Because there is no security, what is the future of online payment? Multi-terminal needs more high-end and more uniform security technology protection. In the field of security, O2O closed loop from online to offline is built, and unified and seamless security is guaranteed at different terminals. It is believed that future startups focused on this field will have great potential and may even appear as BAT-level giants.

Where is the future of mobile payments?

How to innovate in the field of mobile payment security? How to promote the upgrading of the technology industry? How to balance the convenience and safety? How will the capital be laid out? How can traditional banks better embrace the mobile era? How can the entire industry establish a safer payment system and payment environment? How can companies in the industry chain effectively integrate? Where is the future of mobile payments? .... These are problems that need to be solved and considered in the industry.