A recent study by Oxford Economics found that 70% of consumers worry about hackers stealing their personal information and 55% feel mobile money is less secure than a physical wallet.
Furthermore, in January, IBM, Ponemon and Arxan revealed that 44% of organizations are taking no steps to protect their apps.
This is especially worrisome given some 65% of the U.S. population carrying smartphones and a Federal Reserve report that revealed 53% of smartphone owners with a bank account used a form of mobile banking in 2015.
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