With the explosion in smartphones usage, the number of payments done via mobile devices has significantly increased over recent years.
When it comes to the infamous Reveton ransomware, cyber crooks are forever coming up with additional ways to bilk money from users: pairing it up with banking Trojans, playing threatening voice messages, adding password stealing to its arsenal.
A federal indictment made public in New Jersey charges five men with conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole more than 160 million credit card numbers, resulted in hundreds of millions of dollars in losses and is the largest such scheme ever prosecuted in the United States.
Withdrawing cash from an ATMs by using a debit or credit card or paying with it at a point-of-sale may soon become a thing of the past, as several manufacturers have presented technologies that will let users perform the same actions by simply using their smartphone or even their face.
85 percent of U.S. adults with banking accounts are at least somewhat concerned about online banking fraud, according to Entersekt.
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