That seemingly innocuous mug shot of 1980s pop star Rick Astley circulating wildly on jailbroken iPhones shortly before Christmas last year may be a harbinger of a more serious menace for businesses offering mobile payment services, according to Ovum, a British technology market research firm.
Cell phone-based pranks may be irritating at worse right now but they could be a “wake-up call” for banks and organizations offering mobile payment services, said Graham Titterington, principal security analyst at Ovum.