Mobile commerce (M-commerce) means purchasing and selling of goods and services over wireless handheld devices such as smartphones, tablets, laptop, palmtop or other personal digital assistant (PDA). By use of M-commerce, a user can do various tasks such as railway reservation, book movie tickets, pay bills, order books, watch and read news, etc.
Increasing use of portable devices such as tablet, smartphones, and internet enable devices is key a factor driving growth of the global M-commerce market. In addition, development in mobile application structure, improvement in network bandwidth such as introduction of 5G, and availability of goods and services from major players on e-commerce are some other factors expected to drive growth of the global M-commerce market during forecast period.
However, internet connectivity issues in developing countries, and data security threats are key factors restraining growth of the global M-commerce market.
Increasing adoption of Bring Your Own Device (BYOD), internet enabled devices, and mobile payment systems such as paytm, mobikwik, BHIM, etc. are expected to create opportunities for market players in the global M-commerce market.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.