|Subject: SCN Daily News (HTML) Friday, 07 June 2019|
|Date: 07/06/2019, 10:40|
Friday, 07 June 2019
$19 Million Worth of iPhones Stolen in Massive Identity Theft Scam
Associates using fake IDs and counterfeit debit cards went to mobile phone stores and posed as the legitimate account holders, looking to upgrade to new phones on their existing accounts. They would spread payments out over many months, which would come as a surprise on the actual customer's next bill. By then, the scammers - and the devices - were already long gone.
Link: 9to5 Mac
G-20 Finance Officials to Discuss Crypto Asset Regulations
The issue will be examined at a two-day meeting of the G-20 advanced and emerging economies in Fukuoka from Saturday, because the digital assets can be used for money laundering and systems to protect users are underdeveloped.
EU Mission in Moscow Discovers Potential Hack into Systems
The EU's delegation in Moscow suffered what appears to be a cybersecurity breach in 2017, an EU spokesperson said after BuzzFeed reported the news on Wednesday.
"We have observed potential signs of compromised systems connected to our unclassified network in our Moscow Delegation. Measures have been taken and the investigation is in progress; at this stage we cannot comment further," the spokesperson told POLITICO.
The Decline of Cash in the UK
Cash use is falling, with predictions that fewer than one in 10 transactions will be completed with notes and coins in 10 years' time.
Link: BBC News
Dutch Prove Laggard in Mobile Payment Use, But Reconsidering Their Position
Sometimes in a market, there's interest in using a product, but for one reason or another that interest doesn't translate into actual use. That seems to be what's going on in the Netherlands, according to a Telecompaper Consumer Insights study, where just 11 percent of Dutch users are actually turning to mobile payments.
Link: Payment Week
Third-party Cyber Forensics Team Called in to Investigate Breaches Exposing nearly 20 Million Patient Records
The medical testing giant LabCorp said on 4th June that sensitive personal and financial information of 7.7 million of its customers had been exposed as a result of a security breach sustained by the American Medical Collection Agency (AMCA), according to a filing with the Security and Exchange Commission.
Link: IT Pro
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