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    Hack

    News about Hack.

    Mobile payments to replace cash and cards by 2030?

    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%).

    Samsung responds to LoopPay hack

    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… More

    NYT reports on LoopPay breach

    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.”

    Apple Watch vulnerability could let thieves use Apple Pay

    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. More

    Starbucks denies mobile payment hack

    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.”

    MCX suffers email address data breach

    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… More

    NXP CEO: NFC secure elements will continue to see strong demand

    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… More

    Italian hackers reveal ‘infinite rides’ ticket exploits

    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… More

    NXP responds to NFC transit security hack

    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. More

    Forum responds to Black Hat presentation on NFC vulnerabilities

    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.” More

    Security researcher to present on NFC at Black Hat

    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… More

    Wallet users get $5 credit

    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.

    Google Wallet prepaid card hack fixed

    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. More

    Google Wallet boss: No more prepaid cards until we’ve dealt with hack

    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. More