M-Commerce Fraud Groundswell Anticipated by 41st Parameter: Smartphone Shift Underscores Mobile Device Intelligence Need

SCOTTSDALE, Ariz., Nov. 18 /PRNewswire/ -- 41st Parameter Inc., the leading provider of fraud detection and prevention technology, forecasts increased mobile channel cybercrime and decreased effectiveness of traditional anti-fraud tactics, attributed to the rapid adoption of new mobile handsets and multiple operating systems. According to a November 2009 consumer study of U.S. mobile phone users, 18.9 percent of mobile consumers now use a smartphone, and an additional 49.2 percent plan to purchase an advanced mobile device within the next two years. Last week, Gartner reported smartphone sales in 3Q09 grew 12.8% year over year, reaching 41.1 million units.

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