If you’re like most people, how you pay and manage your bills and expenses has changed drastically in the past few years. Bills, insurance and other information are now managed online. In-store payments rarely feature cash. And more and more, your smartphone and payment innovations such as Google Wallet, Square and the Starbucks app are making almost everything mobile.
New technologies are advancing the convenience, speed and security of payments, mobility and identity management. However, they have also giving rise to new types of crime, including hacking, identity theft and malware.
In this digital age, cyber crimes can have a devastating impact on your life. Bank accounts, insurance claims, tax refunds and credit cards can all be compromised and may take months or years to get back on track. And with each new payment technology or software that enters the marketplace comes a new opportunity for new forms of cyber attacks.
UL is the world’s leader in end-to-end transaction security, interoperability, and conformance evaluation and advisory services for the mobile, payment card, eTicketing and identity management sectors. Through its important work around the world, UL is helping facilitate new innovations while helping keep transactions safe and secure.