News about Hack.
March 18th, 2016
Seven in ten consumers (70%) believe that 2030 will be the year that mobile payments become secure enough for traditional payment methods such as cash and cards to no longer be required, the IEEE’s Global Cyber-security Survey has found. The biggest concerns with mobile payments today are payment information hacks (46%), unauthorized payments processed by a mobile payment provider (33%) and accidental payments made via NFC or QR codes (13%).
October 8th, 2015
Samsung has responded to a New York Times report that claimed a hacking group affiliated with the Chinese government penetrated the corporate network of LoopPay, the inventor of Magnetic Secure Transmission (MST) technology that was…
October 7th, 2015
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.”
May 22nd, 2015
A video published by a group of hackers has demonstrated how a stolen Apple Watch could be used by the thief to make payments using Apple Pay without them having to authenticate the transactions in any way — as long as they are quick.
May 19th, 2015
Starbucks has issued a statement denying its mobile payment app has been hacked, following a report by investigative journalist Bob Sullivan. The article claimed hackers had recently stolen money from several Starbucks customers by gaining access to their credit card information through the coffee chain’s app and using the auto-load function. “Starbucks takes the obligation to protect customers’ information seriously,” the company says. “News reports that the Starbucks mobile app has been hacked are false.”
October 29th, 2014
“Within the last 36 hours, we learned that unauthorized third parties obtained the email addresses of some of our CurrentC pilot program participants and individuals who had expressed interest in the app,” retailer-owned mobile payments…
July 29th, 2014
“We feel very comfortable with the strength of the secure element,” NXP Semiconductors CEO Rick Clemmer has told analysts during the chip maker’s second quarter earnings call. “We think that the real killer app will have…
August 6th, 2013
Two Italian hackers have told the Defcon convention about a pair of vulnerabilities in some contactless transportation ticketing systems that allow tickets to be altered by an NFC phone to give unlimited free rides. Matteo…
September 24th, 2012
Researchers at Intrepidus Group have demonstrated how an Android NFC phone can be used to add value to a transit card without paying but, says NXP, the vulnerability is limited to transportation card issuers that haven’t upgraded from Mifare Ultralight to the newer Mifare Ultralight C technology.
August 1st, 2012
“The NFC Forum works to ensure that tools are available to allow applications to operate with the appropriate level of security,” says the industry standards body. “Mr Miller’s demonstration underscores the importance of providing appropriate security measures at the application layer and enabling users to adjust security settings to suit their own needs and preferences.”
July 25th, 2012
Noted security researcher Charlie Miller is to present the findings from his research into NFC P2P and tag reading vulnerabilities at Black Hat 2012 today. “It turns out that through NFC, using technologies like Android…
March 22nd, 2012
Google is topping up Google Wallet prepaid card accounts with an extra US$5 credit, The Verge reports. The perk is designed to compensate users for loss of service while the company searched for a solution to a hack that allowed unauthorised use of an existing prepaid card balance if someone recovered a lost Android phone without a screen lock.
February 15th, 2012
Google has found a fix for the exploit that allowed access to Google Wallet prepaid card balances and has turned back on the the ability to issue new cards.
February 11th, 2012
“To address an issue that could have allowed unauthorized use of an existing prepaid card balance if someone recovered a lost phone without a screen lock, tonight we temporarily disabled provisioning of prepaid cards,” says Google Wallet VP Osama Bedier.