The majority of smartphone users in the pre-pandemic era were only millennials and those younger than them. As the new norm has been affecting everyone’s lives, even the elderly have learned how to use smartphones correctly. They use these devices to take care of their basic needs like grocery shopping, paying bills and running a business.
With the increasing use of smartphones, especially among older people, it has become necessary to tighten security measures like digital signatures, passwordless authentication, 2 factors signings and eKYC or electronic Know Your Customer process to protect the privacy of users’ private information.
What are mobile security threats?
Technology has always been a dual-edged sword. Data breachers and hackers have the ability to learn about technological advances that can be used to protect digital data. Tech-savvy hackers can adapt quickly to tighter security standards for any application. These mobile threats collect personal information like names, addresses, contact numbers, pins or bank account numbers and can cause serious trouble for smartphone users and put their safety and finances at risk.
Mobile security threats include network spoofing and creating fake access points, phishing attempts disguised as digital messages that steal data, spyware, and taking over one’s account.
App developers and smartphone manufacturers are constantly improving their security measures in response to these threats. The traditional passwords were simple and contained alphanumeric combinations that made them easier to guess on or hack with. And because of that flaw, passwordless, digital signature authentication and kyc authentication especially for digital wallet and bank applicationsare now available and acts as a stricter safety measure for users.