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Global financial groups vie for control over ‘mobile money’ future
Global financial groups battled Monday to control the lucrative future of “mobile money”, which will enable people to use a smartphone to go shopping instead of cash and credit cards. MasterCard, Visa and online payments service PayPal struggled for a slice of the industry as the world’s biggest mobile fair,…
24 nabbed in U.S.-led cybercrime finance sting
NEW YORK — At least 24 people were arrested in the United States and abroad in a US-led sting operation targeting cyber criminals buying and selling stolen credit card information, officials said Tuesday. “Operation Card Shop” targeted “sophisticated, highly organized cyber criminals involved in buying and selling stolen identities, exploited…
Fox guest: ‘Regulators are professional destroyers’
Hedge fund manager Jonathan Hoenig once again presented a strong right-wing position on the Fox News weekend show Cashin’ In Saturday afternoon, when he labeled America’s regulators as job “destroyers.” Hoenig, who is the managing member at the Capitalist Pig hedge fund, was in a panel discussion over stay at…
Payment via smartphone ‘going mainstream’ soon
Using smartphones or tablets as digital “wallets” will be common within a decade, largely replacing cash and credit cards, according to a Pew Research survey released on Tuesday. Sixty-five percent of “technology stakeholders and critics” who responded to an opt-in poll by Pew Research and Elon University Imagining the Internet…
‘Embarrassingly simple’ hack could leave up to 100 million credit cards exposed
As many as 100 million credit cards in active use today contain a technology that can be tricked into exposing the users’ account to fraudulent transactions, according to a hacker who demonstrated the exploit on stage this past weekend at a conference in Washington, D.C. Speaking at the Shmoocon hacker…
Israel vows to treat hackers like other ‘terrorists’
Israel said on Saturday that it will respond to cyber-attacks in the same way it responds to violent “terrorist” acts, by striking back with force against hackers who threaten the Jewish state. The message from Deputy Foreign Minister Dany Ayalon came after a self-defined “Saudi hacker” from a cabal known…
‘Saudi hacker’ publishes Israeli credit card details
A self-defined Saudi hacker claimed he had published details of 400,000 Israeli-owned credit cards online, but the card firms on Tuesday insisted that only 14,000 cards had been affected. Details of the hack were exposed late on Monday in a statement posted on an Israeli sports website. “Hi, It’s 0xOmar…
I Look Forward To You Ripping Me Off Several More Times
On the way home from the store this morning, I heard a radio ad for RadioGasDeal.com. The gist of it is that it “guarantees” $2.49 gas for any eligible household by giving you $15 gas cards for completing certain offers, the offers mainly being signing up for various subscription services…
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