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Smartphones Easily Used to Skim Credit Card Data

Date:
April 24, 2013
Source:
CBC / Powered by NewsLook.com
Summary:
A technology designed to make it easier to pay with your credit card may be putting Canadians at risk of fraud and identity theft, security and privacy experts warn.


Related Videos

last updated on 2014-10-23 at 12:56 am EDT

California Law on Anti-Theft Switch for Smartphones Goes to Governor

California Law on Anti-Theft Switch for Smartphones Goes to Governor

TheStreet (Aug. 12, 2014) — A California law which will require smartphones to have a switch allowing users to render the device inoperable when stolen is in the final approval stage. The California Senate passed the so-called kill switch measure on Monday. The bill is now being sent to Governor Jerry Brown for his signature. According to the bill's author, theft of smartphones had been growing along its popularity, and two-third of the robberies in the Bay Area involved smartphones. He said, 'Our goal is to swiftly take the wind out of the sails of thieves who have made the theft of smartphones one of the most prevalent street crimes.' If the governor signs the bill, smartphone makers like Apple and Samsung will need to notify the users when the technology becomes available. It would also require wireless carriers to check user name and passwords associated with phones that were once deactivated before the phones can be used again. Minnesota passed a similar bill earlier this year and lawmakers in New York, Illinois and Rhode Island are considering similar legislation. TheStreet's Julia Sun reports from New York. Video provided by TheStreet
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Uncovering Hidden Divorce Assets Can Be a Tricky Game to Play

Uncovering Hidden Divorce Assets Can Be a Tricky Game to Play

TheStreet (May 30, 2014) — Divorce is difficult but it's even harder when a spouse has stashed away some money. The first best place to look is in a tax return. Start with Schedule B, where dividends, interest, capital gains and losses are matched with known investments. When the math doesn't add up, it's a red flag that there might be a secret account. Another clue is when a departing spouse overpays a credit card with the intent of applying for a refund after the divorce is final. Outsmart your ex by reviewing all credit card statements. Beware of phony bill collectors as some wives and husbands create fake loans with relatives and friends to drain money out of joint bank accounts. All is fair in love and war, and that means kids are not off limits. Video provided by TheStreet
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Using Social Data Trends to Predict Election Outcomes

Using Social Data Trends to Predict Election Outcomes

FORA.tv (Oct. 2, 2013) — Using Social Data Trends to Predict Election Outcomes Social Data Week - Mandarin Oriental New York As social data becomes more readily available, it's incumbent upon end users and researchers to invest heavily in understanding the utility of that data. At a high level, this means assessing the quality and unique aspects of different sources of social data. It also means that we need to separate the signal from the noise and focus on the underlying social mechanisms that produce the data in order to insure that we're using it intelligently. In my presentation, I'll discuss the work of the Ecosystem Measurement team at FB, share some results and make a general call for more research linking social data to social outcomes.
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Single 'Coin' Card Replaces All Your Credit, Debit Cards

Single 'Coin' Card Replaces All Your Credit, Debit Cards

Newsy (Nov. 15, 2013) — Coin is a smart card that stores your credit and debit card information, so all you have to do is select which one to use and swipe.
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