Gartner Research

Select a Secure Mobile Wallet for Proximity Payments

Published: 11 February 2013

ID: G00246859

Analyst(s): Dionisio Zumerle

Summary

Turning mobile wallets from hype to pragmatic business opportunity requires tackling end-user security concerns. We assess the risks involved when these wallets are used for proximity payments with NFC or QR codes, and highlight mitigation actions to select and deploy secure mobile wallets.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Focus on the Device and Wallet Application Risks
    • Loss of Device
    • Malware
    • Rogue Apps
    • Eavesdropping
  • Do Not Neglect Over-the-Air Risks
    • QR Codes
    • NFC Data Theft
  • Consider the System in Its Entirety
  • Look Beyond Tactical Implementations

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