The explosion of mobile applications, especially those involving banking and payments, is almost certain to lead to ingenious new hacker attacks on consumer data next year. After all, why should 2012 be different from any other year, as crooks continually look for holes in security in hopes of reaping financial rewards?

Indeed, the vast majority of developers of mobile wallets and related payment applications are focusing on the business case and the user experience. And that likely will lead to data-security problems, Mark Bower, vice president at Cupertino, Calif.-based Voltage Security Inc., tells PaymentsSource.

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