Cryptomathic Blog 5 Strategies for Securing Mobile Wallets: Insights from Hardware Security

Whether you're tapping to pay at a coffee shop, or sending money to a friend, or even providing identification, mobile wallets have become the go-to for fast and convenient transactions. In addition to the Google and IOS Wallets on our phones, many loyalty applications, cryptocurrency trading applications, credit card companies and governments agencies, are creating their own wallets to provide identity verifications. As with anything digital, security is paramount. Cybercriminals are always on the lookout for ways to exploit weaknesses, and while on-device hardware security provides a strong foundation, it isn't cybercriminal proof.