Month: March 2020

FBI: Cybercriminals Mailing Malicious USB Devices to VictimsFBI: Cybercriminals Mailing Malicious USB Devices to Victims

Active since at least 2015, the cybercrime group has been focused on stealing credit card information from businesses worldwide. The hackers were indicted in the United States for targeting more than 100 U.S. companies in sectors such as restaurant, gaming, and hospitality.

READ FULL ARTICLE: https://www.securityweek.com/fbi-cybercriminals-mailing-malicious-usb-devices-victims

How two-factor authentication can protect your passwordHow two-factor authentication can protect your password

Passwords aren’t hard for criminals to get around. Once they do, they can potentially access your personal information, email, banking accounts or credit card details, among other things.

Two-factor authentication (2FA) and two-step verification (2SV) make your accounts significantly more secure, often without much extra effort, thanks in part to the proliferation of smartphones.

READ FULL ARTICLE: https://www.choice.com.au/electronics-and-technology/internet/internet-privacy-and-safety/articles/how-two-factor-authentication-can-protect-your-password

With Hacking on the Rise, Buy Box Experts Warns Amazon Sellers to Secure AccountsWith Hacking on the Rise, Buy Box Experts Warns Amazon Sellers to Secure Accounts

As a leading Amazon advertising agency, Buy Box Experts helps businesses manage their brand equity and sell more on Amazon. The company provides their clients with personalized consulting from a team of seasoned Amazon experts. They also offer proprietary software that decreases counterfeit listings, ensures competitive pricing, optimizes listings, and automates tedious processes so business owners have more time.

READ FULL ARTICLE: http://www.digitaljournal.com/pr/4636318#ixzz6IGlZ3Hl3

Israel taps mobile data to find likely coronavirus carriersIsrael taps mobile data to find likely coronavirus carriers

With help from embattled spyware firm NSO.

Israel’s defence ministry plans to use software that analyses data gathered from mobile phones – produced, according to Israeli media, by the spyware firm NSO – to help locate likely carriers of the coronavirus in order to test them.

READ FULL ARTICLE: https://www.itnews.com.au/news/israel-taps-mobile-data-to-find-likely-coronavirus-carriers-545844

‘Forget toilet paper everybody wants early payment’: Invoice pain to continue‘Forget toilet paper everybody wants early payment’: Invoice pain to continue

Smaller operators have received protections from insolvent trading due to the coronavirus economic slowdown, but experts warn thousands will be facing long payment terms and unpaid invoices with little option for recourse.

“My expectation is that April is going to be quite catastrophic — people are basically going to go, ‘everyone is on holidays or forced leave’,” said chief executive of business credit score check platform Creditorwatch, Patrick Coghlan.

READ FULL ARTICLE: https://www.smh.com.au/business/small-business/forget-toilet-paper-everybody-wants-early-payment-invoice-pain-to-continue-20200326-p54e0t.html

Credit card defaults in China mark the beginning of a global consumer debt crisisCredit card defaults in China mark the beginning of a global consumer debt crisis

Commuters wait for a train after Wuhan’s subway reopened yesterday. The Chinese economy is picking up pace slowly but consumer debt defaults are on the rise due to the prolonged lockdown. Reuters
Commuters wait for a train after Wuhan’s subway reopened yesterday. The Chinese economy is picking up pace slowly but consumer debt defaults are on the rise due to the prolonged lockdown. Reuters

Like millions of people around the world, Zhang Chunzi, 23, borrowed money she thought she’d be able to repay before the coronavirus pandemic changed everything.

Now laid off from her job at an apparel exporter in Hangzhou – one of China’s most prosperous cities – Ms Zhang is missing payments on 12,000 yuan (Dh6,210) of debt from her credit card and an online lending platform operated by Jack Ma’s Ant Financial.

READ FULL ARTICLE: https://www.thenational.ae/business/money/credit-card-defaults-in-china-mark-the-beginning-of-a-global-consumer-debt-crisis-1.998569

Commonwealth Bank, Westpac rush to pause electronic payment feesCommonwealth Bank, Westpac rush to pause electronic payment fees

As banks try fast pain relief for merchants.

The Commonwealth Bank of Australia and Westpac have moved to temporarily scrap lucrative merchant service fees for electronic card payments in an attempt to stop more businesses shutting their doors, paving the way for a major rethink around how payments are clipped by institutions.

READ FULL ARTICLE: https://www.itnews.com.au/news/commonwealth-bank-westpac-rush-to-pause-electronic-payment-fees-540044