Mobile fraud hits enterprises in the pocket to tune of $240m, report finds

New survey data from mobile identity provider TeleSign has found that enterprises have lost up to $240m (£157.3m) a year because of mobile e-commerce fraud.

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The study, conducted by J. Gold Associates and sponsored by TeleSign and RSA, EMC’s security division, found average revenue loss due to mobile fraud was $92.3m per year (£60.54m).

Is your firm one of the many companies not prepared – or just not bothered – about potential repercussions with respect to the state of mobile security?