Mobile banking fraud detected in seconds with new Microsoft AI solution

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…

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Air Canada mobile app data has been compromised

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…

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

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.…

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New QR code user ID system to be launched by SafeWallet

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…

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Automated system for ScanTrust QR codes helps to prevent counterfeit packaging

ScanTrust QR Codes - Packages

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…

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Cyber Attacks Don’t Die, They Evolve

cyber attacks

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…

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McAfee MVISION to launch in August 2018 with new mobile security product

McAfee MVISION - Mobile Security

McAfee is re-entering the mobile security space with MVISION. The California-based device-to-cloud cybersecurity company recently announced McAfee MVISION. This is a unique portfolio of innovative security features that include ePolicy Orchestrator (ePO), endpoint and mobile products. Their new security products have been designed to suit the needs of today’s customers. McAfee MVISION has been created for the purpose of providing a comprehensive and flexible defense system for modern device operating systems and the cloud. It is designed to manage security products based on the needs of customers today and in…

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New Tadoba QR code system to be introduced to prevent fraud

Tadoba QR Code System - Tiger

The new system will validate and check for fake entry tickets into the reserve. The Tadoba QR code system has been designed to help prevent organized fraud that has led to a number of fake ticket bookings for entry into the Tadoba-Andhari Tiger Reserve (TATR). TATR will be the first park in the Indian state to introduce the system. The machine-readable optical label barcodes contain data related to the item to which they are attached. As such, park tickets will feature these codes so that when the ticket holder shows…

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Walmart back-to-school app designed to help people shop in stores

Walmart back-to-school app - Back to school blocks - paper - pencil

The discount retail giant launched new app features to improve back-to-school in-store and mobile shopping. The new Walmart back-to-school app feature enables parents to search and shop for their child’s actual school supplies list. They can then use the app to locate the store isle where they can find the item, according a recent announcement from Walmart. Items can also be delivered directly to their homes. For those parents with busy schedules or who simply don’t feel like making the trek to their local Walmart store to buy the items…

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Trend Micro QR Scanner improves QR code scan security

Trend Micro QR Scanner - Hand - Mobile Phone - Block Dangerous Site

Android users can safely scan quick response codes. The newly launched Trend Micro QR Scanner, enables Android users to scan QR codes safely and easily. It has been designed to provide the highest quality URL safety checks on every code a user scans. The free QR scanner app helps to protect mobile devices from malicious content. Scanning QR codes is a fast and easy process, which is one of the reasons why quick response codes have grown in popularity over the years. However, this doesn’t mean that every one of…

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