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    News in brief

    NYT reports on LoopPay breach

    News in brief

    A hacking group affiliated with the Chinese government penetrated the corporate network of LoopPay, the inventor of the Magnetic Secure Transmission (MST) technology that was acquired in February 2015 to form a core part of Samsung Pay, the New York Times reports. “Both LoopPay and Samsung executives said they were confident that they had removed infected machines, and that customer payment information and personal devices were not affected.”

    Filed by Email Sarah Clark nfcworld.com Published • Last updated 7 October 2015, 16:50

    • Willam Hugh Murray, CISSP

      Security of MST does not rely on its secrecy. Competition, not security, is the issue.

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