Mcommerce security

Retail mobile security breaches double in 2018, report

03/14/201903/13/2019 Jesse Collins

Retail mobile security - cyber attack mobile

Retailers saw two times more security breaches involving mobile devices between 2017 and 2018. A recent study published by the Verizon Mobile Security Index has revealed retail mobile security breaches are increasing. According to the study, 31% of retail respondents said they experienced a mobile compromise last year (2018), which is notably higher from the 16% reported in 2017. More than half of these security breaches were considered major. Over half (54%) of these retail mobile security compromises were considered major. Moreover, 27% had long-term repercussions. The study found that…

5 Tips to Staying Safe on Snapchat

10/25/201810/28/2018 L. Green

Snapchat is a social networking app that allows people to send each other pictures, videos and text messages that disappear after a few seconds. The app is designed to destroy all images, videos and other content that has been received after 10 minutes. This means that neither the sender nor the receiver can store the content permanently. Although Snapchat allows people to communicate discreetly, it comes with a number of risks. If you are not careful, someone might hack into your account. Besides that, your images and videos can be…

IMB’s unique mobile cybersecurity training center is a first in the industry

10/22/201810/19/2018 Sam Lambert

IBM X-Force Command Cyber Tactical Operations Center - Mobile Cybersecurity Facility

IBM has launched its X-Force Command Cyber Tactical Operations Center. A mobile cyber security training operations center has been launched by IBM Security. Known as the X-Force Command Cyber Tactical Operations Center (C-TOC), the mobile security unit will travel around the United States and Europe for the purpose of running incident drills with clients, according to an IBM press release. The mobile training center will provide on-demand cybersecurity support and build cybersecurity awareness. The first-of-its-kind, fully operational mobile cybersecurity facility is literally a travelling training center on wheels, housed in…

QR Codes to Offer 3D Printed Objects New Anti-Counterfeiting Protection

10/08/201809/26/2018 Jennifer Goula

Ensuring that a printed item is the real thing is now possible, thanks to the scientists who built an “exploded” QR (quick response) code into it. The number of products manufactured via 3D printing keeps increasing, therefore the potential for counterfeiting those products also rises. That is where QR codes come in. Quality Parts in 3D Printing Services Engineering scientists at the New York University have developed a system which tells 3D printers to include hundreds of tiny elements, made of inert materials located in the objects’ layers as they…

Mobile banking fraud detected in seconds with new Microsoft AI solution

09/07/201809/06/2018 Jennifer Goula

Mobile banking fraud - Microsoft Technology - Microsoft building

Artificial intelligence (AI) tech can flag fraudulent transactions within two seconds. With an increased number of consumers banking on their smartphones, mobile banking fraud is becoming a growing concern. American multi-national tech giant, Microsoft, announced that its Azure AI technology can help with the growing fraud problem by detecting fraudulent transactions within two seconds of it occurring. The SIM Swap attack problem. The vast majority of mobile fraud occurs via a SIM swat attack, according to Microsoft. During this attack, the victim’s mobile number is hacked and cloned, allowing the…

New Titan Security Key from Google offers online users peace of mind

08/31/201808/30/2018 Jesse Collins

Google Titan Security Key - CNBC Report - YouTube

The tech giant’s new security key will help you protect your account from phishing attacks. Google has launched its Titan Security Key, a small gadget that helps give your Google account some added security. The gadget, designed for both computers and mobile devices, acts as a highly secure master password, helping to prevent phishing attacks. The Titan keys support FIDO U2F protocol. The Titan Security Key has met the standards of the FIDO alliance, which essentially publishes secure specifications and certifications that other companies can use to provide an additional…

Air Canada mobile app data has been compromised

08/30/201808/29/2018 Jorge Gonzalez

Air Canada Mobile App - Air Canada airplane

Canada’s largest airline confirms its mobile app data has been breached. The airline’s customers who use the Air Canada mobile app, have been notified about a cyberattack that occurred at some point last week during August 22 – 24. An estimated 20,000 of its 1.7 million app users may have been affected. As many as 20,000 Air Canada mobile app users have been affected, according to the company. This is approximately 1% of its 1.7 million app users. The airline became aware of the app data breach when it noticed…

Mobile banking Trojans are an increasing threat in Q2 2018, report

08/09/201808/08/2018 Amanda Giasson

Mobile Banking Trojans - Cybe Attack on mobile

New report from Kaspersky Labs reveals mobile banking app Trojan attacks are at an historic high. Mobile banking Trojans are one of the worst types of mobile malware, as they are designed to steal money directly out of a mobile user’s bank account(s). Now, according to a Kaspersky Lab’s Q2 IT threat evolution report, this form of cyberattack has more than doubled in Q2 2018 compared to Q1 2017. The malware is typically disguised as a legitimate banking app. Trojan attacks are a popular choice among cybercriminals across the globe.…

New QR code user ID system to be launched by SafeWallet

07/30/201807/29/2018 Stephanie Beck

QR Code user ID Security System - SafeWallet Launches Updated - cryptocurrencies

The cryptocurrency wallet is upgrading its user identification security. SafeWallet, a decentralized cryptocurrency wallet app operated by China-based Cheetah Mobile, has announced the release of a new QR code user ID system. The major security update will fully replace private keys and mnemonic phrases. The new system is the first of its kind. Until this most recent update, cryptocurrency wallet users have had to use long private keys and mnemonic phrases to back up their crypto-assets, according to a press release from Blockchain Wave Lab. These private keys and mnemonic…

Automated system for ScanTrust QR codes helps to prevent counterfeit packaging

07/25/201807/24/2018 Sam Lambert

Lake Image Systems has implemented an automated solution at REYNDERS label printing. This new automated solution has been designed to inspect and authenticate the secure technology of ScanTrust QR codes on anti-counterfeit packaging. Counterfeiters are a real problem for many brands. Counterfeit packaging is a problem for numerous brands including retail, pharmaceutical, cosmetics, agro-chemicals and beyond, according to a Lake Image Systems press release announcing its automated verification solution for ScanTrust QR codes. The unique quick response codes from ScanTrust that are printed onto labels and packaging help to prevent…

Cyber Attacks Don’t Die, They Evolve

07/19/2018 Jorge Gonzalez

Cybersecurity often feels like taking one step forward and two steps back. An attack will appear, the security community will respond, and eventually the threat will be eradicated. Then, a few months down the road, the threat reappears in a newer and stronger form. Most commonly, it’s evolved to specifically bypass the defenses created to combat it. This has always been true of cyberattacks. The earliest hackers searched for ways to tweak or re-purpose code after encountering a new defense. Or, rather than search for new vulnerabilities, they found new…

Category: Mobile Commerce Security