Final answer:
Consumer concern about privacy and security is indeed a barrier to greater adoption of mobile commerce. Therefore the statement is True.
Step-by-step explanation:
True. One of the barriers to greater adoption of mobile commerce is consumer concern about privacy and security. With the increasing reliance on mobile devices for online transactions and personal data storage, consumers are becoming more cautious about the privacy and security of their information.
Recent data breaches at major retailers, financial institutions, and government websites have exposed millions of people to the risk of identity theft and other cybercrimes. This has heightened consumer concerns about the safety of their personal information when engaging in mobile commerce.
To address these concerns, businesses and organizations need to prioritize security measures and assure consumers that their privacy and data will be protected.