Four times more consumers consider mobile payments safer than credit cards, and according to a survey in the US, the concern about credit card security has cost online merchants more than $100 billion in annual lost revenue.
Sony needs a smack following the hacking of its supposedly well-protected Playstation Network, with over 1.56m Australians affected by the global breach.
EAST (the European ATM Security Team) has reported a 36% drop in ATM related fraud losses in 2009, with total losses of 312 million Euros reported. Annual losses due to card skimming have fallen for the first time since EAST began reporting in 2004.
Good on you Doctor CraigI hope this Aussie invention stays in Oz
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