Computerworld ... so they can steal customers' log-in credentials and pillage their bank accounts, according to Gartner analyst Avivah Litan, who wrote the report.
3G encryption can be broken in 2 hours, 'suggest' security experts
Three security researchers have published details on the internet detailing how the encryption used on 3G telephony can be broken into within two hours using the processing power of a single PC. This revelation comes only days after German engineers made similar claims that the 22 year-old A5/1 encryption system widely used on 2G GSM handsets could also be broken.
Coming In Through the Window!
In an article titled "Credit Cards and Reluctant Regulators", Gretchen Morgenson writes for the New York Times about the upcoming changes in the credit card rules going into effect next month. Earlier last week, the Federal Reserve published its final changes to the rules affecting credit cards - and launched a new web page for consumers outlining the changes.
E-Commerce Data Security 2010: Learning From 2009's Debacles
2009 was the first year since 2005 that the number of data breach incidents recorded actually dropped. If that makes you feel a little more secure -- there is a counter side. The same site reports on personal records that have been exposed: 220 million records in 2009 as compared with 35 million in 2008.
http://www.ecommercetimes.com/story/69129.html
Apple vs. Google: The Mobile App Wars' Impact on the Payments Biz
The application wars in the mobile phone business are heating up. They will result in significant threats and opportunities for the payments industry. Industry expert and "Paying with Plastic" author David S. Evans takes a look at what's next for mobile payments. Read more
Mobile Payments Player Boku Gets $25M Investment Boost
This round of capital builds on the strong success and momentum Boku has experienced in the last year and stands as a strong vote of confidence for the company's future. "Every day we are growing and adding new partners, and with the continued support of our investors, we will continue to establish BOKU as the standard in mobile payments," says Boku CEO Mark Britto. Read more
ACH Payments announces availability of ACH Processing Plug-In for Magento ...
Emailwire The Magento Ecommerce platform has become the leader in the Open Source online commerce arena. ACH Payments, in partnership with Thylaksoft LLC has
Mobile App Market Worth £3.7 billion In 2010 : Gartner
ITProPortal Most applications purchased are games with m-commerce, utilities, social networking and productivity apps growing in popularity fast.
Transactions are still not secure with online banking, what else ...
Ecommerce Journal ... successful in hacking security systems so as to steal customers' log-in credentials and pillage their bank accounts, says Gartner analyst Avivah Litan
Recession Helps Fuel Merchant Interest in Online PIN Debit
Digital Transactions NYCE and Pulse are two other major networks that have agreed to support PaySecure. At the same time, Merchant e-Solutions and another processor,
IBM's profit increases and revenue growth resumes
SAN FRANCISCO — IBM said Tuesday that it managed a 9 percent increase in profit in the last quarter as the technology company's revenue grew for the first time in a year and a half. Read article »
Citigroup loses $7.8 billion in fourth quarter
NEW YORK — Citigroup became the latest bank to take a cautious view of consumers' credit problems, reporting a $7.77 billion fourth-quarter loss due to failed loans and the costs of repaying $20 billion in government bailout money. Read article »
