online shopping

Alibaba Logo

Online Authentication Group FIDO Alliance Grabs A Big Bone: Alibaba

The FIDO Alliance, an up-and-coming industry consortium aimed at simplifying online identity and doing away with passwords added IPO darling Alibaba to its Board of Directors, according to a statement on Tuesday. The FIDO (or “Fast IDentity Online”) Alliance announced that Alibaba Group’s payments business, Alipay will be among the first to deploy FIDO technology for secure payments authentication. On September 17, the company announced that it will use Nok Nok Labs’ FIDO-compliant  NNL™ S3 Authentication Suite to enable secure online payments via the Fingerprint Sensor (FPS) technology on the Samsung Galaxy S5. Alipay customers will be able to make payments and transfers using Alipay’s mobile application, Alipay Wallet by applying their fingerprint to the Galxy’s fingerprint sensor. “We look forward to participating on the FIDO Alliance board, and assuring that commerce and authentication are uniquely cooperative and seamlessly compatible,” said Ni Liang, Alibaba group, senior director, department of security, in a statement. Mobile payments […]

Continue Reading
Fraud

Will Big Data Transform Fraud Detection? | SmartData Collective

The folks over at Smart Data Collective have an interesting story today on Big Data and its (expected) impact on a variety of industries and business practices. Fraud (and fraud detection), it turns out, may be one area that is transformed by better data analytics. According to the article, by Monte Zweben, fraud analytics are posed to be transformed not just by “Big Data,” but by better and faster analytics. The article looks at a variety of industries, including consumer marketing and logistics that stand to benefit from the growth in data and data analytics. Fraud detection is one of them. Zweben cites statistics on the growth of fraud as a global problem. Kroll’s most recent Global Fraud Report found the number of companies falling victim to fraud has increased to 70 per cent. Credit card companies were among the first to embrace “Big Dat” analytics to spot irregularities in patterns of charges […]

Continue Reading

Consumers Embrace IoT And Wearables, Worry About Security Consequences

A new survey of consumer attitudes and expectations about technology finds that a strong majority of Americans expect wearable technology and biometric security to be common within the next decade. The survey, sponsored by the security company McAfee, asked 1,500 U.S. consumers about lifestyle and technology trends in the home and workplace. The results suggest that consumers are already adjusting their expectations about the future to include pervasive connectivity, a wealth of intelligent devices – and some of the problems that come with both. More than 60% of those surveyed by McAfee said they anticipate having connected appliances like refrigerators that will “automatically add food to a running grocery list if the product is running low.” A strong majority of those polled – 84% – said they were convinced their home security systems will be connected to their mobile device. “As technology, especially the Internet of Things, continues to rapidly advance and […]

Continue Reading

Home Depot Acknowledges Breach of Payment Systems

Almost a week after public reports named Home Depot as a possible victim of a sophisticated cyber attack, the home improvement giant has acknowledged that it was hacked.   In a statement on Monday, Home Depot said that an internal investigation confirmed a “breach of our payment data systems” took place. The breach affects the company’s U.S. and Canadian stores, though not its Mexican locations or online transactions, the company said. The incident also appears to have been long-lived. Home Depot estimates that the breach dates to April, 2014. The company did not say when it was finally shut down – though that date could be as late as July. Home Depot has been investigating the incident since it was first disclosed by Brian Krebs at the blog Krebsonsecurity. Krebs was alerted to the incident after large quantities of stolen credit cards began appearing on cyber criminal forums. Sources at […]

Continue Reading

Report: Apple IDs Targeted by Kelihos Botnet

There’s an interesting post over on Symantec’s blog about a shift noted in the behavior of the Kelihos botnet in recent days. According to Symantec, Kelihos operators have turned their attention to Apple customers, launching a phishing email campaign aimed at Apple iCloud users and Apple ID’s and passwords. According to the post, Symantec has observed Kelihos (also known as Waledac) being used to send spam emails purporting to be from Apple, informing the victim that a purchase has been made using their account on the iTunes Store. Samples of the emails discovered by Symantec bear the subject line “Pending Authorisation Notification.” The body of the phishing email says that the victim’s account has been used to purchase the film “Lane Splitter” on a computer or device that hadn’t previously been linked to their Apple ID. The email gives an IP address that was used to make the alleged purchase and […]

Continue Reading
1 2 3 4 … 7