The purpose of this report is to analyse the information security risks pertaining to mobile devices and identify the threats that can possibly affect companies exercising wireless credit card payment processes using mobile devices. After analysing and identifying the security threats the mobile security measures and best practises for preventing mobile devices from getting infected are listed. Among these the ones that can specifically help secure mobile devices for credit card payment processes are identified. Thereafter the report proceeds to propose the mobile security solution. The solution is proposed through three key activities after which the report ends with observations in concluding notes.