Credit card hackers are targeting Starbucks gift card and mobile payment users around the country – and stealing from consumers’ credit cards — with a new scam so ingenious they don’t even need to know the account number of the card they are hacking.Criminals are using Starbucks accounts to access consumers’ linked credit cards. Taking advantage of the Starbucks auto-reload function, they can steal hundreds of dollars in a matter of minutes. [Read more…]
Mobile Payments Need to Be More Secure, Says CS Prof
CYBER security experts say mobile payment technology is developing unchecked and it is time governments stepped in to ensure the system is safe for consumers to use. Adjunct professor of computer science at QUT, Bill Caelli, said big business was sacrificing security for convenience.
“We have an explosion of these types of products coming out which are based on providing payments and services on the smartphone,” he said. “It’s happening in a totally unregulated, laissez-faire, free-market environment.”
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Security Concerns Still Holding Back Mobile Payment Consumers in 2011
Mobio Identity Systems, an international mobile payments and marketing company, today released a comprehensive report on mobile payment adoption and use in North America called “Mobile Commerce Handcuffs.”
The report contains findings from a survey distributed to North American consumers. The report reveals that 94% of respondents would make a mobile payment if they knew it was secure. There are numerous additional significant findings, which are supported with charts, graphs, and statistics. Overall, the report highlights the significance of security as a barrier to growth of the m-commerce market.
More information: Mobile Commerce Handcuffs – Report.
Source: MarketWire
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