Subject: SCN Daily News (HTML) Friday, 07 June 2019
Date: 07/06/2019, 10:40

Smart Card News Online

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.

Link: 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

Note to Subscribers

As a subscriber to Smart Card News we currently send you the latest industry news together with carefully selected industry events and updates.

We do not share your data with any third parties. However, due to changes in the law (GDPR) from May 2018, we need to confirm you are happy for us to continue to hold your details. If you DO NOT wish to continue to receive mailings from us you can unsubscribe at any time by:- emailing us at or click Unsubscribe

Please note, if you do not unsubscribe, we will take that as confirmation that you are happy to receive future mailings from us.

Smart Card News Limited, Gratwicke House, 10 East Street, Littlehampton, West Sussex, BN17 6AW, Registered in England 2728296.

Important Information

From time to time, this news service may include industry forecasts and forward looking statements made by the companies concerned. Readers should be advised that Smart Card News Ltd cannot be held responsible for decisions and/or actions taken by readers of our news service, based on the information provided. This news is only to be distributed to persons/companies who have a contract with Smart Card News Ltd. Unless your company has gained a licence and/or written permission from Smart Card News, the contents of this news page are not to be forwarded to any other person or server. Any replication by any means without prior permission is illegal and action may be taken. If you receive this online news from a forwarded source please contact the team at Smart Card News Ltd. It is illegal to replicate this online news.

Tel: +44 (0)1903 723 548