A new survey says almost 80% of banks aren’t catching on to online fraud incidents and are incapable of detecting the fraud before the money has been transferred. The root cause, according to the survey results, is that banks don’t have the tools and technology necessary to proactively monitor and detect fraud. According to this article on InfoSecurity.com, “it is a wakeup call for the banking community to step up and do more to prevent online cyber fraud.” In addition, about 38% of survey respondents access their bank accounts from smartphones or tablets, up from 23% in 2010. However, “the fraud rate in mobile banking is equal to or greater than the fraud rate in computer-access to online banking.”
Tagged: Mobile Devices
Since mobile phones are a necessary part of modern life, are we handing over our personal privacy to be part of the 21st century? CEO Kent Lawson explains how a German man set out to learn exactly what his cellphone provider knew about him — and the staggering results are astounding and will make even the most die-hard smartphone fans question their privacy.
Copenhagen International Airport will soon implement a new program that tracks passengers’ movements using the wifi signals emitted from their...
CEO Kent Lawson discusses the recent political unrest in Egypt, the role of social networking in the digital revolution, and how, in this day and age, a country simply cannot function without the Internet.
Like the controversial Firesheep, a new hack shows the insecurity of wireless networks by sending out a jamming signal that blocks 3G connections, tricking some smartphones into automatically downgrading to a vulnerable 2G protocol. The problem is that this is a trick for hackers to possibly steal your data. As this Forbes blog points out, it can be used to “intercept the data sent to and from smartphones that run Android, iOS, Windows Mobile and other operating systems, practically any laptop or tablet that can connect to the Internet via a 2G cell connection, or spy on surveillance cameras or industrial control systems that use those connections.” The Forbes article adds that this hack can be defeated by simply using an encrypted connection.
Because smartphones encode a GPS stamp called a geotag on all digital photos, criminals could look at publicly available photos online and use that data to figure out your address or plan a crime spree based on your usual patterns. Before you upload any photos to social networking sites like Facebook or Twitter, or share the photos online in any way, check out this FoxNews.com article, which has tips on ways to disable geotagging on most phones.
Be careful what you text in California. A new law says police officers do not need a search warrant to search your phone, potentially stripping privacy rights to your text messages, phone records, emails, photos, videos, and anything else you keep on your smartphone. But what about the Fourth Amendment, you ask? Exactly. If you haven’t password-protected your smartphone, now may be the time to take the extra step.
Do you like listening to Pandora and playing Angry Birds? Advertisers know it, too. Smartphone users are all but powerless to limit tracking among the apps they download, according to the findings of a new Wall Street Journal report that tested consumer privacy on 101 apps. Many companies allegedly sold consumer details gathered from these apps to various ad networks.
In Part 1 of this two-part series, Private WiFi CEO Kent Lawson discusses the extent of personal tracking that is taking place online – and what amount, if any, goes too far.
The Wall Street Journal reports on the evolving role of privacy and information security as more and more consumers and companies start doing business on their mobile devices. Case in point: AT&T has hired 13 PhDs in the last six months to focus on mobile security technology that detects and blocks malicious software from reaching mobile devices.