Retail Observer

December 2015

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

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RETAILOBSERVER.COM DECEMBER 2015 38 Andrew Hoog Guest Columnist TOP 4 WAYS BRANDS CAN BOLSTER MOBILE APP SECURITY THIS HOLIDAY SHOPPING SEASON T H E N E W M O B I LE E C O N O M Y W I LL H AV E A S I G N I F I CA N T I M PACT O N C O N S U M E R S ' S H O P P I N G B E H AV I O R T H I S H O LI DAY S E AS O N . B AS E D O N DATA F R O M T H E I N T E R N E T R E TA I LE R M O B I LE 5 0 0 , M O R E T H A N A Q UA R T E R O F TOTA L 2 0 1 5 H O LI DAY W E B S A LE S C O U LD B E M O B I LE , W I T H 9 1 % O F C O N S U M E R S I N T E N D I N G TO M A K E P U R C H AS E S T H R O U G H A M O B I LE A P P T H I S H O LI DAY S E AS O N , A N D 5 4 % P L A N N I N G TO D O H A LF O R M O R E O F T H E I R H O LI DAY S H O P P I N G ( P U R C H AS E S A N D / O R B R OW S I N G ) V I A A M O B I LE A P P. S o, while retail brands are doing everything they can to capture the attention and dollars of today's mobile-minded shoppers this holiday season, including beefing up the consumer experience on their native mobile apps, have they thought enough about mobile security? The truth is, more than half of all mobile apps have at least one major security flaw. Moreover, shopping apps in particular have proven to be some of the "leakiest" apps – making sensitive customer data increasingly more vulnerable. Just last year, 15 major retailers reported data breaches, which allowed unauthorized access to valuable consumer data. Those breeches damaged brand reputations, strained customer relations and resulted in massive financial losses for the organizations affected. The experts at NowSecure, the mobile security solutions providers that works with Fortune 500 brands to secure their mobile ecosystems, has provided a list of the top ways retail brands can bolster their mobile app security heading into the holiday shopping season – keeping their customers and their private data safe. 1. Put mobile security at the top of the priority list. Holiday sales are critical to a retailers' bottom line and as consumer behavior continues to shift to mobility, brands are ready and willing to do anything to capture the attention and credit cards of today's mobile-minded shoppers. However, even the latest and greatest in mobile app design, UX and technology is worthless if a devastating mobile security breach occurs and permanently damages the reputation of a brand.

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