mobile payment – Computer Security Articles

Credit to Author: Evan Schuman| Date: Wed, 20 Jul 2022 05:55:00 -0700

Cryptocurrency has always been the payment method of choice for bad guys. Get hit with an enterprise ransomware attack and plan to pay? You’ll need crypto. The key reason cyberthieves love cryptocurrency so much is that it is far harder to trace payments.

That is why a move being attempted by the European Union has so much potential. The EU — in a move that will likely be mimicked by many other regional regulatory forces, including in the United States — is putting in place tracking requirements for all cryptocurrency.

If it is successful, and the EU has an excellent track record on precisely these kinds of changes, cryptocurrency may quickly fade as the thief’s payment of choice.

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ComputerWorld Independent

Are banks quietly refusing reimbursements to fraud victims?

July 5, 2022 admin Financial Services Industry, mobile payment, Security

Credit to Author: Evan Schuman| Date: Tue, 05 Jul 2022 03:00:00 -0700

There are some scary reports popping up that various major financial institutions no longer credit back all fraudulent transactions, even when victims file a police report. If true, it’s a disastrous move that will painfully hurt the institutions.

Let’s look a recent New York Times report on the problem:

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MalwareBytes Security

You down with P2P? 10 tips to secure your mobile payment app

March 31, 2018 admin 101, How-tos, mobile payment, p2p payment, p2p transaction, peer-to-peer, privacy, social payment, transaction reversal scam

Credit to Author: Jovi Umawing| Date: Fri, 30 Mar 2018 16:00:00 +0000

Peer-to-peer (P2P) mobile transactions are on the rise, thanks to a number of mobile payment apps available on the market. In this post, we’ll look at the security risks of using P2P payment apps and what users can do to protect themselves.

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Tags: mobile payment p2p payment p2p transaction peer-to-peer privacy social payment transaction reversal scam