Mobile fraud growth is outpacing that of m-commerce, says TransUnion

Mobile Fraud - Person holding smartphone

As more consumers shop from smartphones over their computers, the risk is rising fast. M-commerce is growing fast as consumers rapidly move from computers to phones for shopping, but TransUnion is warning that mobile fraud is growing at an even faster rate. Last year, 78 percent of online purchasing came from mobile devices. As over three quarters of purchases come from smartphones, retailers have been pushing hard with investments into m-commerce. However, TransUnion’s recent Global E-Commerce in 2020 report showed that the growth of the smartphone shopping experience isn’t occurring…

Read More

QR code fraud warning issued by Belgian federal police

QR Code Fraud Warning - Cyber security

Consumers across the country are being warned about online scams using quick response codes. Federal police in Belgium have issued a new QR code fraud warning. It cautions smartphone and mobile device users about scams using quick response codes. Quick response codes have become central to certain types of scams allowing scammers to steal money. The QR code fraud warning was issued to everyone. That said, it was primarily meant to target anyone buying products or services online. For instance, those shopping in second-hand markets online were considered to be…

Read More

Pre-installed malware discovered on US government-funded phones

Pre-installed malware - Security protection for mobile phones

The UMX U686CL is a low-cost mobile phone with unwanted and un-removable surprises. One of the low-cost smartphones available through the U.S. government’s “Lifeline Assistance” service comes with pre-installed malware built right in. The phones are provided to users of the FCC-operated program when they can’t otherwise afford them. The Lifeline Assistance program helps low-income households offering, among other things, smartphones at a lower cost for individuals who wouldn’t otherwise be able to afford these devices at full price. The program is meant to be helpful for these families, providing…

Read More

ToTok messaging app is very popular and also an Emirati spy tool

ToTok messaging app - person using messaging app on cell phone

The mobile application has been downloaded into millions of phones since it launched. The ToTok messaging app has become known as a simple and secure tool to communicate with friends and family by text and video. It is popular even in the United Arab Emirates, where other popular applications in that category – such as Skype and WhatsApp – have been banned. American officials recently identified this application as a spy tool for the UAE. According to an investigation in the New York Times which included American officials familiar with…

Read More

Mobile commerce security breaches could prove highly problematic this holiday season

Mobile commerce security - Woman on Phone

A new study shows that careless using smartphones combined with large retailer hacks may be difficult. A new survey of over 1,000 Americans showed that mobile commerce security issues such as breaches may end this holiday season on a rough note for many shoppers. Hacks to large retailer databases and carelessness among phone users could be a brutal combination. The research was conducted by First Orion and showed that the security breaches afflicting retailers to an increasing degree are posing a rising risk for consumers. Moreover, this, combined with the…

Read More