Technology is changing the way we think about crime. There are many forms of cybercrime that are steadily on the rise. Malware, ransomware and ATM skimming are just a few of the attacks that we need to worry about.
Last year the FICO Card Alert Service recorded the highest number of ATM compromises ever in the U.S. Read our article on credit card skimming crimes to see ways to stop it. Cybercriminals are now focusing their attacks on mobile payment services.
A flaw has been discovered in Samsung Pay that hackers are able to exploit. Samsung Pay is a mobile payment service that can turn your phone into your wallet. You add your credit, debit, gift, membership and loyalty cards to your phone so you don't have to swipe them when making a purchase. Here is a video demonstration of how it works: