The UK government, working in partnership with the mobile and banking industries, has released measures designed to prevent criminals targeting technology that allows consumers to use their mobile phones as debit, credit and pre-pay cards.
These guidelines include:
- Contactless payment functions, SIM cards and phones will be disabled as soon as they are reported lost or stolen.
- Transactions above the maximum contactless payment (currently $16) should require PIN approval.
- Consumers should be encouraged to add their details to the national mobile phone register.
“By working closely with industry we have already put in place measures to make it harder for thieves to profit from mobile phone theft – around 90% of handsets reported stolen are now blocked within 24 hours of reporting reducing their value and the incentive for criminals,” said Home Office Minister Alan Campbell.
Read more here.