iOS Vulnerability Spoofs Apple Pay, Bitcoin the Better Option?
Many Bitcoin enthusiasts around the world are keeping a close eye on the developments being made in the mobile payments industry. Cashless transactions are on the rise in several countries around the world, and the shifting paradigm leaves the door open for alternative payment methods to gain a foothold. While Apple Pay may seem to be a strong contender, a recent security vulnerability may have you think twice about using it. And that gives Bitcoin an even bigger opportunity to make a worldwide impact. Credit cards are a convenient way to pay for goods and services, both in the offline and....
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Albeit Bitcoin and Ethereum wallets have only recently started appearing on the iOS App Store; cryptocurrency users will need to be extra vigilant. A new hack allows attackers to switch legitimate applications with malicious versions. This also means we may very well see fake bitcoin and Ethereum wallet releases in the future. It has to be said, however, this attack requires the assailant to have physical access to the device in question. To a lot of people, this may apparently mitigate the attack vector, but do not be fooled into thinking the threat is over all of a sudden. The....
Crypto.com has recently announced about integrating Apple Pay into its application and website. Apple does not support the crypto payment directly but users of Crypto.com shall be given an option to make the in-app purchases. These purchases can be performed with the help of both credit and debit cards via Apple Pay. Through this new […]
The pony/CoinThief Botnet stole 700,000 online credentials and heisted $220,000 from online cryptocurrency wallets. Reports of Apple's urgent promises to fix a bug that allows intruders to spy on financial, email, and other personal data in OSX have been in the media since last week. Now researchers have identified the Pony Trojan, which, as coincidence would have it, is known to have spied on financial, email and other personal data via web forms. In the process, Pony heisted more than 700,000 online account credentials, as well as stealing $220,000 from online cryptocoin wallets. notice:....
Apple has removed the Blockchain wallet app from its iOS App Stores, leaving iPhone and iPad users with no native bitcoin wallet options for their devices. Apple offered no explanation for the action and no option to appeal, other than saying the removal was due to "an unresolved issue". The Cupertino company's move did not come as a complete surprise, as Apple had previously banned bitcoin wallet apps Coinbase and CoinJar, and insisted encrypted messaging app Gliph remove an option that allowed users to send bitcoin. CoinJar is still available for download on the local Australian App....
When Apple Pay was introduced to the world, there was a general buzz of excitement. Mobile payments have become somewhat of a trend lately, and Apple was one of the first electronics giants to make mobile solution available to its users, albeit in a limited fashion. That being said, various recent reports are indicating consumers are far less excited about Apple Pay compared to a few months ago. According to a recent report by InfoScout, Apple Pay usage is on the brink of declining. Some industry experts are going as far as calling the mobile payment solution a “flop”, but it might be a....