BLOOMBERG BNA WEBINAR EVENT: Mobile Payments: Regulatory and Security-Related Challenges
Thursday, November 1, 2012
1:00 PM - 2:30 PM ET
BLOOMBERG BNA EVENT: As the use of mobile devices to pay bills and shop online becomes more widespread, both the regulation of such transactions and the security of the information being transferred come into sharper focus. Most states require money transmitters to be licensed or registered, while federal bank secrecy and anti-money laundering regulations impose registration, recordkeeping, and reporting requirements on money services businesses.
Computer security in the United States and worldwide is, overall, weak. Cyber criminals are routinely able to mine corporate networks for extended periods of time before they are discovered as having done so. Many perceive that mobile devices are even less secure due to their wireless nature.
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