10:58 AM
Mobile commerce fraud rate is higher on Android devices, a recent report points out.
According to data from Kount, a provider of fraud detection technology, instances of fraud on Android devices was 44% higher than on iOS devices in 2014. The same source mentions that until 2013, fraud on iOS devices was more frequent than on Android, but currently, this has significantly changed.
Findings indicate that Android’s US platform share has increased substantially since 2013. Android’s US platform share increased from 51.5% in June 2013 to 66.1% in June 2015, according to Kantar Worldpanel, while iOS's share declined from 42.5% to 30.5% during the same period. Fraud likely occurs on Android more often than iOS because there are now more Android devices.
The report has also unveiled that mobile...
