Samsung responds to LoopPay hack

Samsung Pay in action at an contactless POS terminal

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 acquired in February to form a core part of Samsung Pay... More


NYT reports on LoopPay breach

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... More




MCX suffers email address data breach

CurrentC

“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 consortium MCX has revealed... More




NXP responds to NFC transit security hack

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. More


Forum responds to Black Hat presentation on NFC vulnerabilities

NFC Forum director Debbie Arnold

“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.” More






Feed for stories about Hack.