As reported by American Banker, Congress is (finally) taking a look at mobile payments to consider what legal, regulatory, or security gaps. viaForensics contributed earlier this week to a congressional staff briefing on mobile security.
In this article a notable quote comes from PCI.
Troy Leach, chief technology officer of the Payment Card Industry Security Standards Council, an international standard-setting body, said while technology to improve security is quickly progressing there are still risks from the rapid development of mobile applications. The lack of traditional security controls for mobile payments, potential unauthorized access to payment applications and the potential for abuse of protective tools such as data encryption also pose risks, he said.
Sounds like a good reason for companies to seek out the industry-leading appSecure mobile application security assessment.