Flaws in Apple Pay and Visa could allow criminals to make arbitrary contactless payments – no authentication needed, research finds. Cybercriminals could make fraudulent purchases by circumventing an iPhone’s Apple Pay lock screen where the device’s wallet has a Visa card set up in so-called transit mode. The attackers could also bypass the contactless limit … More Hackers could force locked iPhones to make contactless payments
Ransomware payments may have greater implications than you thought – and not just for the company that gave in to the attackers’ demands. Firstly, the answer to the question is likely to be ‘yes’. The debate on ransomware payments continues, which, of course, is positive; with discussion and differing viewpoints put forward, an informed conclusion should be … More Are you, the customer, the one paying the ransomware demand?
FinTech, or financial technology, is a term that it is difficult to avoid these days, as the sector continues to gather momentum across the globe. A recent ESET survey found that over two-thirds of businesses globally expect their investment in FinTech to increase post-Covid-19, while a study from Research and Markets found that the global FinTech market … More How are businesses around the world using FinTech?
What are some common ploys targeting PayPal users? Here’s what you should watch out for when using the popular payment service. PayPal is one of the key players in the field of online payment providers, operating as a payment processor for popular online marketplaces, auction websites, as well as other commercial sellers. Popular brands such … More How scammers target PayPal users and how you can stay safe
Are mobile payments and digital wallets safe? Are the apps safer than credit cards? What are the main risks? Here’s what to know. While cash transactions aren’t going anywhere anytime soon, the convenience of electronic payment solutions has been steadily growing in popularity over the years. According to a recent survey by the US Federal Reserve, … More Mobile payment apps: How to stay safe when paying with your phone