Visa has introduced tokenisation in Australia as a step to reduce credit card fraud when payments are made online or via mobile devices.
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With Trusteer's portfolio and staff under its belt, IBM is forming a cybersecurity lab focused on mobile and application security, counter-fraud and malware detection.
Mobile phone sellers accidentally pass on personal data in used devices...
Mobile phone attacks will increase this year as criminals attempt to intercept SMS-based authentication tokens, according to security company RSA.
Citibank Australia CEO Roy Gori said today that the company is planning to roll-out voice biometrics for identification to select early adopter customers in three months.
A gang that allegedly defrauded O2 of millions of pounds has been arrested and bailed by City of London Police, pending further investigation
Apple's iPhone OS 3.1 update includes a new fraud warning feature which is at least theoretically, supposed to warn users when visiting fraudulent websites in Safari Mobile.
Swedish telecoms equipment manufacturer Ericsson predicts fraud detection and other secure elements for mobile phones
Credit card giant Visa is teaming up with with eight North American banks to deliver fraud alerts in real-time via SMS (text messages) and e-mails to cell phones.The pilot program will allow about 2,000 Visa cardholders to set thresholds that will trigger an immediate transaction alert to a mobile device.
Expect more incidents of online scams and fraud connected to next month's Beijing 2008, as well as spam targeted at mobile devices, Symantec says.
A three to five-factor authentication technology from an Australian firm to secure mobile applications such as banking, helps pinpoint fraudulent activities.
According to a Unisys report, ID fraud and information theft from mobile phones are greater concerns for Britons than computer security
Anxiety about sharing personal data is the biggest barrier to consumer acceptance of mobile banking and commerce (66%), according to Harris Interactive. Additional barriers to adoption: more exposure to fraud and financial scams (63% expressed concern); worry about losing a device containing valuable information (61%); concern about costs (58%); usability (43%), reliability (37%), and speed [...]
DWP puts £4.1m into council project
A Chinese man has been conned out of more than AU$20,000 after falling victim to a text message-based phishing scam.Last week, an individual identified only as Mr Wang from Beijing received a text message on his mobile phone warning him that he had bought goods worth 18,000 yuan (approx AU$3,000).
New South Wales Fair Trading Minister, Reba Meagher has welcomed the recent conviction of a Queensland man for making false and misleading claims about a "get rich quick" scheme using text messages.The Parramatta Local Court convicted Dominic Dibiani on 10 September under the Fair Trading Act for failing to substantiate claims relating to a promotion his company undertook.
A significant percentage of the 700,000 mobile handsets reported stolen last year were never really nicked at all, according to an industry body
Communication today is all about convenience, but this is shaping up as a major cause of revenue loss to mobile phone carriers, with Australia racking up over AU$100 million in GSM fraud losses each year.
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