More than half of consumers fear phishing scams when paying via mobile

Image Source: Article

Image Source: Article

Security is a concern for consumers who use mobile payment apps and systems, with 57% of mobile payment service users saying they are at least somewhat concerned about phishing scams, according to a recent survey.

Some 62% of the respondents are concerned about their personal data being stolen from a company or app database. About 64% worry about their passwords getting hacked and 62% are concerned about their device getting lost or stolen, according to the survey cited by aytm.

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