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Are fingerprints the new passwords?
Ever since Apple introduced TouchID for iPhones, more and more smartphones feature fingerprint scanners. And that has some security researchers worried. “If you leak a password, you can just change it; if you leak a fingerprint, it’s lost for your whole life,” FireEye researcher Yulong Zhang said at a presentation at the Black Hat USA conference [...]
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Carphone Warehouse: 2.4m bank details hacked in data breach
UK mobile phone retailer Carphone Warehouse has suffered a serious data hacking breach that may have compromised the banking details of 2.4 million customers. The breach was discovered on 5 August at a division of Carphone Warehouse that operates websites for OneStopPhoneShop.com, e2save.com and Mobiles.co.uk and provides a number of services to iD Mobile, TalkTalk [...]
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Android accounts for most mobile fraud – Kount
The rate of mobile fraud is highest on Android devices, according to new data from fraud specialists Kount, with mobile fraud also outpacing that of online and in-store fraud for the first time this year. The company analysed over 100 million transactions across various devices from its customer base of thousands of merchants across all [...]
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Vasco and Sumitomo Mitsui to create secure mobile banking app
Vasco Data Security, a global digital security specialist, has announced that Sumitomo Mitsui Banking Corporation (SMBC) will provide their online retail banking customers with a highly-secure mobile banking solution for their smartphones developed with Vasco’s Digipass for Apps. SMBC has experienced a rapid increase in the number of transactions conducted via smartphones. This is SMBC’s [...]
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US comprises bulk of global card fraud losses
New figures from payment industry researchers The Nilson Report show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards in 2014. These figures comprise 21.4% or $6.187 trillion of total volume. Fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private [...]
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