Most people have some exposure to fraud deterrents in their daily lives. For the honest person, these deterrents are in place for protection and peace of mind. For the criminal, they are barriers he or she hopes to breach.
With the increase of mobile commerce brings a parallel increase in fraudulent mobile transactions, according to a recent report from Kount. For months, mobile commerce transactions have been increasing at dramatic rates, in some cases even surpassing desktop e-commerce and brick-and-mortar purchases. Although in-store and online transactions may be better protected against fraud threats, many merchants are still catching up with fraud protection measures on the mobile front.