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United States: Cybersecurity requests appear in DOL audits

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DOL investigators are asking plan sponsors, trustees and service providers how their ERISA-governed plans are increasingly responding to cybersecurity concerns. These requests can take the form of production requests or be included as questions in an interview. Investigators typically search for information or documents related to due diligence relating to the service, provide information security protocols and indemnifications with the aim of keeping the participant’s account balance intact. We’ve seen a sharp increase in these requests since the DOL came up with a set of best practices and guidance earlier in 2021 (our summary of best practices can be found here). To date, DOL’s investigations have generally focused not only on the policies and procedures put in place by plans and vendors to thwart cybercriminals, but also on actions taken by plans and records officials in response to them. cyber incidents.

Concerns about the takeover of accounts by cybercriminals have also risen sharply, as the pandemic has forced many people to work remotely, delayed traditional postal-based identity verification, and strained finances. personal. This combination can lead to an increase in distribution requests, not all of which may come from the actual participant. Efforts to educate trustees and participants about these dangers have unfortunately also included enforcement investigations, sometimes leaving promoters and trustees in awe of how to respond.

It is important that benefit plan sponsors and service providers take a proactive approach to cybersecurity and be prepared for a possible DOL investigation. While the immediate focus has been on the pension plan, health and wellness plan sponsors and trustees should also be prepared to answer questions about cybersecurity from DOL auditors.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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Infineon Technologies: launches a new SECORA ™ Pay portfolio on 40nm technology with the best contactless performance in its category https://your-pass.com/infineon-technologies-launches-a-new-secora-pay-portfolio-on-40nm-technology-with-the-best-contactless-performance-in-its-category/ https://your-pass.com/infineon-technologies-launches-a-new-secora-pay-portfolio-on-40nm-technology-with-the-best-contactless-performance-in-its-category/#respond Wed, 20 Oct 2021 07:31:07 +0000 https://your-pass.com/infineon-technologies-launches-a-new-secora-pay-portfolio-on-40nm-technology-with-the-best-contactless-performance-in-its-category/

Munich, Germany – October 20, 2021 – In recent years there has been a noticeable trend towards contactless payment. With the difficult market conditions following the COVID-19 crisis, this development is clearly accelerating. The payments market is expected to shift increasingly to contactless solutions, accounting for a global share of 76% dual interface in 2021 up to 91% over the next five years *. Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has been the market leader in payment integrated circuits for eight years, with a current market share of 48% *. To complete the payment offer based on the latest 40nm technological platform, Infineon is now launching a new portfolio of SECORA ™ Pay payment solutions.

The plug-and-play solutions leverage the vast expertise in contactless payment technology and utilize Infineon’s SOLID FLASH chip platform, which processes new card and payment device solutions while responding to the latest requirements. The offer includes new applets and personalized value-added products for standard payment cards (SECORA Pay S), as well as multi-application cards (SECORA Pay X) and components for ready-to-use solutions that can turn any device into a payment method. (SECORA Pay W). In addition, the product portfolio provides global (Visa, MasterCard, Discover and American Express) and national network applets. It offers industry-leading contactless performance and personalization, enabling 200ms MasterCard contactless transactions.

SECORA Pay solutions on 40 nm technology offer backward compatibility with existing SECORA Pay product offerings in terms of card production for antenna design, product personalization and certification. The family uses a security controller comprising certified software embedded in Coil on Module (CoM) chip modules and refined inlays for seamless card production. Since Infineon uses inductive coupling technology in combination with on-board wired card antennas, the CoM system offers the greatest flexibility in card design. It is therefore an ideal solution to respond seamlessly to future market trends, such as environmentally friendly cards made of recycled plastic or wood and bound to the ocean, high performance dual interface metal cards or LED cards.

SECORA Pay solutions support the highest throughput in card production with minimal consumables for the manufacture of very robust dual interface cards. As a result, contactless payment technology itself becomes resource efficient. In addition, new value-added services based on the NFC tag functionality of SECORA Pay are also offered, thus enabling additional use cases such as the initial activation of the card.

The SECORA Pay W pre-certified with SPA2.1, a very small 35mm film strip antenna, meets the growing demand for payment accessories and new payment form factors. The turnkey solution, combined with the payment and tokenization services provided by the partners, allows the payment functionality to be easily integrated into the end customer’s applications. It enables convenient contactless payment features for wearable devices such as wristbands, key chains or other form factors.

Availablity

Product versions supporting the latest Visa and MasterCard applications are available now. Additionally, applets supporting American Express, Discover and others will be available in the first quarter of 2021. More information is available at www.infineon.com/secorapay.

* ABI research: ABI Payment and Banking Cards Secure IC Technologies, Q3 2021

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FBI Springfield reminds the public to be vigilant about cybersecurity | New https://your-pass.com/fbi-springfield-reminds-the-public-to-be-vigilant-about-cybersecurity-new/ https://your-pass.com/fbi-springfield-reminds-the-public-to-be-vigilant-about-cybersecurity-new/#respond Tue, 19 Oct 2021 23:34:00 +0000 https://your-pass.com/fbi-springfield-reminds-the-public-to-be-vigilant-about-cybersecurity-new/

The Springfield Regional Office of the Federal Bureau of Investigation (FBI) marks Cyber ​​Security Awareness Month in October by reminding the public to take extra precautions to protect themselves against online attacks and scams.

Illinois Ranks Fifth in the United States for Most Internet Crime Victims, and Sixth for Total Victim Losses with over $ 150 Million, According to the Internet Crime Complaint Center’s 2020 Report . Identity theft was the most common, followed by non-payment / non-delivery crimes. In terms of lost dollars, business email compromise tops the list.

Internet crimes and cyber intrusions are constantly evolving and while the FBI is focusing on lasers to stay ahead of the trends, there are steps the public can take to avoid becoming a victim.

  • Be extremely careful in online communication. Check the sender of an email. Criminals sometimes change a single letter in an email address to make it look like the one you know.
  • Do not open any attachments unless you are waiting for the file, document, or invoice and you have verified the sender’s email address.
  • If an unsolicited text message or email asks you to update, verify, or verify your account information, do not follow the link provided in the message itself or call the phone numbers provided in the message. Go to the company’s website to log into your account or call the phone number listed on the official website to see if anything really needs your attention.
  • Review all electronic requests for payment or transfer of funds.
  • Confirm transfer or payment requests in person or over the phone as part of a two-factor authentication process. Do not verify these requests using the phone number provided in the payment request.
  • Be very suspicious of any message that calls for immediate action.
  • One of the most prevalent patterns during the pandemic has been government imitators. Criminals contact people through social media, emails, or phone calls masquerading as the government. Scammers attempt to collect personal information or illicit money through charades or threats.
  • Do not share your personal information with unknown sources.
  • Configure your devices, software, and apps to update automatically.
  • Use strong passwords or passphrases and / or multi-factor authentication.
  • Take the time to read the consumer and industry alerts provided by the Internet Crime Complaint Center.

Report cyber crimes to the FBI through the Internet Crime Complaints Center. Not only will this allow your complaint to be directed appropriately, but the IC3 data has helped guide the FBI’s response to cyber crimes while educating the public and supporting local law enforcement with a database. searchable information.

For more information on cybersecurity, visit the FBI Cyber ​​and Security Scams and Precautions page.

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Yoti accredited as a private digital identity provider by the Australian government https://your-pass.com/yoti-accredited-as-a-private-digital-identity-provider-by-the-australian-government/ https://your-pass.com/yoti-accredited-as-a-private-digital-identity-provider-by-the-australian-government/#respond Tue, 19 Oct 2021 19:29:13 +0000 https://your-pass.com/yoti-accredited-as-a-private-digital-identity-provider-by-the-australian-government/

Yoti has received accreditation approval to allow Australians to perform digital identity transactions and verify individuals using his biometrics-based digital ID app which he says is secure, secure and reusable.

The company said in a blog post that accreditation, which is part of the Australian Government’s Trusted Digital Identity Framework (TDIF), means that people and businesses can have confidence in the use of personal data, enhanced in practical ways for Australians to prove their identity online, with robust solutions like the free Yoti app.

Yoti said he was accredited after demonstrating that his digital ID service meets requirements demanded by the Australian government, including accessibility and usability, privacy, security and fraud control, risk management and technical integration.

The company has committed to meeting TDIF’s obligations by stating that it will use its AI-based technology and digital ID application to provide seamless identity verification to online and physical businesses in Australia.

The free app, the company explained, can help people store their personal information securely and allow them to add their ID documents and facial biometrics to it, for identity verification in just seconds. . It also allows people to share specific identity details without fully revealing who they are.

After receiving accreditation, Yoti Regional Director for Australia, Darren Pollard, said: “Yoti is both proud and excited to begin accreditation under TDIF, and we look forward to working closely. collaboration with the DTA team. We are confident that the Yoti global digital identity platform will meet the TDIF requirements. Many private and government organizations around the world have already trusted Yoti for digital identity verification and we wholeheartedly support the Australian government’s approach to create a national framework for digital identity providers to ensure public confidence.

Yoti’s accreditation comes after eftpos’s ConnectID accreditation, which was the first non-governmental institution to get the green light to offer digital identity exchange services to Australians.

Articles topics

Australia | biometrics | data protection | digital identity | fraud prevention | identity verification | online authentication | confidentiality | secure transactions | standards | Yoti

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UAE: facial recognition instead of identity card readers Emirates will now verify identity https://your-pass.com/uae-facial-recognition-instead-of-identity-card-readers-emirates-will-now-verify-identity/ https://your-pass.com/uae-facial-recognition-instead-of-identity-card-readers-emirates-will-now-verify-identity/#respond Tue, 19 Oct 2021 07:04:01 +0000 https://your-pass.com/uae-facial-recognition-instead-of-identity-card-readers-emirates-will-now-verify-identity/

The Federal Authority for Identity and Citizenship (ICA) has announced the launch of an improved version of the facial recognition system for the digital certification portal.
Image credit: screenshot / ICA

Dubai: The next time you visit a bank or government center, your face and Emirates ID will now be linked. Instead of having your Emirates ID card scanned, a new facial recognition system will identify you within three seconds. The Federal Authority for Identity and Citizenship (ICA) has announced the launch of an improved version of the facial recognition system for the digital certification portal.

This is a new generation of digital facial recognition certification services that will replace an ID card reader.

The introduction of the reformed digital certification is a “Year of the 50” project and also in line with the UAE’s “Go Digital” program, which aims to digitize government service centers.

Previously, the ICA had announced upgrades to the Emirates ID, with new features including a 3D image using laser printing technology to show the cardholder’s date of birth.

Who can benefit from the facial recognition service?

This service is available to all valid Emirates ID card holders over the age of fifteen. The faceprint is activated by your passport number and your unified number, also known as a UID, which is a unique nine-digit code on the residence visa page of your passport.

How it works?

Instead of reading card and passport data, private and public services will be able to extract this information from your facial print. The digital certification system is available for the following sectors:

• Government and public entities

Procedure for government customer service stations

In departmental customer happiness centers, here is how facial recognition technology will be used:

• A station employee will use a facial recognition camera.

• Your faceprint will be used to match your Emirates ID in the system.

• Once paired, you will receive a One Time Password (OTP), which you will need to provide to the employee.

• He or she will then enter the OTP. Once the OTP is entered, the digital verification service will display your residence details as well as your family and dependents tree, which will show family members under your sponsorship and other identity-related information. and citizenship.

Facial scanning on self-service machines and smart apps

ICA facial recognition

The technology is also used for smart applications.
Image credit: screenshot / ICA

The same facial recognition system will also be used on self-service machines and smart apps, where you can use facial recognition to log in or create an account on any government smartphone app.

This will further streamline processes related to government procedures, allowing candidates to apply for various departments without the need to visit a customer satisfaction center.

For example, the “ICA UAE” smartphone app, which is available for Apple and Android devices, allows applicants to apply UAE identity, residence and citizenship services.

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Elo now has pay-as-you-go app on mobile phones and tablets – The Clare People https://your-pass.com/elo-now-has-pay-as-you-go-app-on-mobile-phones-and-tablets-the-clare-people/ https://your-pass.com/elo-now-has-pay-as-you-go-app-on-mobile-phones-and-tablets-the-clare-people/#respond Tue, 19 Oct 2021 01:13:20 +0000 https://your-pass.com/elo-now-has-pay-as-you-go-app-on-mobile-phones-and-tablets-the-clare-people/

Cell phones and tablets can be enabled to function as small machines and receive approximate payments in credit and debit functions, as well as cash or installments. The novelty, which uses the Tap on Phone concept, was developed by Elo, a specialist in payment technologies, and Fiserv is the first acquirer to integrate it.

    The use of the card machine is growing among small entrepreneurs

  • Video shows crooks can use payment near victims’ pocket
  • Magalu launches small machine, corporate account and credit network for the market

The solution is aimed at small and medium-sized businesses and works on devices with NFC technology. Once the app is installed on the tablet or mobile phone, the merchant can accept payments with Elo contactless cards and mobile phones with digital wallets (such as Google Pay and Apple Pay). Practical, the application works like a traditional payment capture machine using NFC approach technology.

Image: Reproduction / Envato / leungchopan

According to Felipe Maffei, Director of Product and Innovation at Elo, Tap on Phone’s goal is to democratize digital payments and expand the proxy payment acceptance network in Brazil. “Small and medium-sized retailers will be able to turn their mobile devices into machines for receiving payments,” he explains.

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Sales receipts can be sent directly from the app by SMS or email. Other features include issuing a full sales report at the end of each day and canceling transactions.

With Tap on Phone, Elo cards enabled for lead payments can be used nationwide. The novelty is compatible with smartphones and tablets with Android from version 9.0, NFC support, 3G or 4G chip and Wi-Fi.

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Technical issues hit EU biometric border plan, potentially delaying 2022 launch https://your-pass.com/technical-issues-hit-eu-biometric-border-plan-potentially-delaying-2022-launch/ https://your-pass.com/technical-issues-hit-eu-biometric-border-plan-potentially-delaying-2022-launch/#respond Mon, 18 Oct 2021 16:02:06 +0000 https://your-pass.com/technical-issues-hit-eu-biometric-border-plan-potentially-delaying-2022-launch/

The EU’s updated biometric border control system, the Entry / Exit System (EES), suffers from huge technical and organizational problems and is expected to be completed after summer 2022, missing the tentative deadline of May 2022 due to semiconductor shortages, according to a “confidential letter” published by Statewatch.

The Entry / exit system (EES) will be an automated IT system using biometric components, for the registration of travelers from third countries, visa holders and visa exempt travelers. This aims to help third country nationals to travel more easily while identifying more over-stay persons as well as cases of document and identity fraud.

Americans, British, Montenegrins and Georgians are just a few of those who will be affected. Although they are currently allowed to travel without a visa to the 26 countries of the Schengen area in Europe, they will soon have to apply for a travel authorization to enter the area.

About 1.4 billion travelers from over 60 countries are expected to be affected by the eventual implementation of the EES, managed by the European Travel Information and Authorization System (ETIAS).

The project requires complex global interoperability and local legal changes to enable uses such as screening passengers crossing borders and to allow law enforcement to verify identities using biometrics in certain circumstances.

In a letter to EU ministers This month, the chairman of the board of EU-Lisa explained that the recent global shortage of semiconductor chips has caused delays in the national implementation of EES systems. EU-Lisa’s contractual partner has been blamed for some of the delays, as well as global supply chain shortages for the necessary materials.

System interoperability testing is a major part of the delay, according to a second document; the renewed Schengen Information System (SIS) (for border security and management) has suffered setbacks and will be part of the network to which the EES will connect. To function properly, the EES must connect to the Visa Information System (VIS) as well as to a common database for the comparison of biometric characteristics.

This Shared Biometric Matching System (SBMS) must meet the identification requirements of the EES and is designed as a top-level storage for identity data. The goal of the project is to convert SIS to biometrics via a research portal from 2023, according to the letter.

Articles topics

biometric identification | biometrics | border management | border security | entry / exit | EU | identity verification | interoperability | travel and tourism

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Top Trends Redefining What Blockchain Technology Can Do https://your-pass.com/top-trends-redefining-what-blockchain-technology-can-do/ https://your-pass.com/top-trends-redefining-what-blockchain-technology-can-do/#respond Mon, 18 Oct 2021 04:05:20 +0000 https://your-pass.com/top-trends-redefining-what-blockchain-technology-can-do/

Businesses and developers continue to find new and innovative uses for blockchain technology every day. Here are some of the biggest trends rocking the industry today.

The continued rise of DTV

Right now, we are in the midst of yet another unexpected development in blockchain technology. Just as no one saw the rise of Bitcoin and other cryptocurrencies coming, no one could have expected the impact that non-fungible tokens (NFTs) would have on the world of blockchain technology.

This new application of existing blockchains like Ethereum offers a new way to provide beneficial ownership of digital assets. The non-fungible part means they are not interchangeable. It’s not like owning Bitcoin. It’s like owning a unique and distinct piece of art.

The visual artwork itself kicked off the NFT boom. This application of tokens is easy to understand, an individual token signifying ownership of an individual work of art. It can then be traded or sold like any other token, with ownership of the accompanying artwork.

However, visual artwork and collectibles are just the very beginning of what NFTs have to offer. Already people are starting to implement them in unique ways. A TVN can be a ticket to a concert or other event. In fact, he could carry the brunt of any smart contract with him.

Eventually, we may even see this extend to the ownership of physical assets. The deed of ownership of your home could be 100% secure and impossible to lose if kept in NFT form, with a permanent record of past sales. The same can be said for your vehicle or just about anything. The sky is the limit for this nascent application of blockchain technology.

Provide more efficient and versatile identity management

In a way, blockchain has been about identity from the very beginning. The initial application of blockchain technology was Bitcoin, the very first cryptocurrency. Bitcoin has used and continues to use private keys to establish and verify ownership of specific coins.

Thus, from the start, the blockchain was used to verify the identity of wallet holders to allow them to access their cryptocurrencies. The key here is that the wallet address itself is the identity. You are nothing but a string of numbers on the blockchain. But what if it is not?

What if, instead of just logging into your digital wallet, your private key could log into your digital identity? This is where many see blockchain technology heading today, providing a secure and tamper-proof method for identity verification.

Blockchain identification can be used for anything. This could simplify the creation of online accounts. It could serve as a passport or driver’s license. It could fill the role of cards, usernames, passwords or whatever else you need to establish your identity.

One of the main benefits of this new trend is that it will dramatically increase the security around your identity. Blockchain identification allows sharing only essential information. Think about all the times you had to show your driver’s license as proof of identity. All they need to know is that you are you, but you’ve given them your address, date of birth, and more.

Rationalization of international finance

Transferring money across borders has never been easy. There are currently many services competing for their share of the fees and percentages that businesses and individuals pay to send money overseas. Cryptocurrencies could eliminate all of these problems.

While there are still fees associated with using cryptocurrencies, they are pale compared to the cut banks and other businesses are taking on foreign currency trading. By maintaining a constant supply of Bitcoin or other cryptocurrencies, a business can facilitate these transfers on its own, eliminating the middleman.

This kind of blockchain use is still in its infancy, as tax codes and regulations around the world make it difficult to do business in cryptocurrencies. If these issues are ever resolved, Bitcoin could become the norm for making international money transfers.

It is equally important to be careful of the various websites or services that claim to be exchanges, but in reality, these are get-rich-quick programs like Immediate Edge which has been called a ‘blacklisted scam’ by the ScamCryptoRobots.com cryptocurrency portal.

Future blockchain trends

NFTs, identification, and international finance are all areas where blockchain is already in use today to some extent. They are all set to continue to grow, and there is no doubt that countless more new apps will follow closely.

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Smart Ring Market Size, Outlook, and Key Companies – Jakcom, Kerv Wearables, NFC Ring, Ringly, Logbar, Mota – The Manomet Current https://your-pass.com/smart-ring-market-size-outlook-and-key-companies-jakcom-kerv-wearables-nfc-ring-ringly-logbar-mota-the-manomet-current/ https://your-pass.com/smart-ring-market-size-outlook-and-key-companies-jakcom-kerv-wearables-nfc-ring-ringly-logbar-mota-the-manomet-current/#respond Sun, 17 Oct 2021 21:14:39 +0000 https://your-pass.com/smart-ring-market-size-outlook-and-key-companies-jakcom-kerv-wearables-nfc-ring-ringly-logbar-mota-the-manomet-current/

New Jersey, United States, – Verified Market Research recently published a new study on the Smart Rings Market with statistical data represented in tables, pie charts, graphs and numbers to help better understand the market. The report presents the current development scenario and emerging market trends. The research report provides a comprehensive assessment of the market and provides forward-looking perspectives regarding market trends, growth factors, facts, and industry validated market data. The research study provides an accurate forecast estimate of the Smart Ring market up to 2028. The report also covers a comprehensive analysis of the competitive landscape with a detailed profile of the major competitors.

The report covers the analysis of the impact of the COVID-19 pandemic on the global market. The pandemic has dynamically altered the economic landscape and drastically changed the trends and demands for products and services in the market. The report also covers the current and future impact of the pandemic and provides an overview of the post-COVID-19 scenario.

The smart rings market is expected to have maximum market, as mobile has become the most convenient and popular smart device used by the people.

Get | Download a sample copy with table of contents, graphics and list of figures @ https://www.verifiedmarketresearch.com/download-sample/?rid=6254

The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

Jakcom, Kerv Wearables, NFC Ring, Ringly, Logbar, Mota, Vinaya, Nimb, Oura, TheTouch X.

Competitive analysis focuses on the key players as well as the innovations and business strategies they undertake. The report captures the best long-term growth opportunities for the industry and includes the latest process and product developments. The report includes basic information of the companies along with their market position, history, market capitalization and revenue. The report covers the revenue, market growth rate and gross profit margin of each player based on regional classification and overall market position. The report provides a separate analysis of recent business strategies such as mergers, acquisitions, product launches, joint ventures, partnerships and collaborations.

Smart Rings Market Segmentation

Global Smart Rings Market, By Technology

• Bluetooth technology
• NFC technology

Global Smart Rings Market, By Application

• Health and wellbeing
• Payment
• Data transfer
• Notifications
• Security

Get a discount on purchasing this report @ https://www.verifiedmarketresearch.com/ask-for-discount/?rid=6254

Scope of Smart Rings Market Report

ATTRIBUTE DETAILS
ESTIMATED YEAR 2021
YEAR OF REFERENCE 2020
PLANNED YEAR 2028
HISTORICAL YEAR 2019
UNITY Value (million USD / billion)
COVERED SEGMENTS Types, applications, end users, etc.
COVER OF THE REPORT Revenue forecast, company ranking, competitive landscape, growth factors and trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free customization of the report (equivalent to 4 working days for analysts) with purchase. Add or change the scope of country, region and segment.

Geographic segment covered in the report:

The Smart Ring report provides information about the market area, which is further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

• North America (United States and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of Middle East and Africa)

Key questions answered in the report:

• What is the growth potential of the Smart Ring market?
• Which product segment will take the lion’s share?
• Which regional market will emerge as a pioneer in the years to come?
• Which application segment will experience strong growth?
• What growth opportunities might arise in the Smart Rings industry in the years to come?
• What are the most significant challenges facing the Smart Ring market in the future?
• Who are the leading companies in the Smart Rings market?
• What are the main trends that positively impact the growth of the market?
• What growth strategies are the players considering to stay in the Smart Ring market?

For more information or a query or customization before purchasing, visit @ https://www.verifiedmarketresearch.com/product/global-smart-ring-market-size-and-forecast-to-2025/

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VMI provides a holistic overview and global competitive landscape with regard to region, country and segment as well as the major players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.

Visualize the Smart Ring Market using VMI @ https://www.verifiedmarketresearch.com/vmintelligence/

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Telegram Bots, a new way used by hackers to access OTPs https://your-pass.com/telegram-bots-a-new-way-used-by-hackers-to-access-otps/ https://your-pass.com/telegram-bots-a-new-way-used-by-hackers-to-access-otps/#respond Sun, 17 Oct 2021 11:29:26 +0000 https://your-pass.com/telegram-bots-a-new-way-used-by-hackers-to-access-otps/

When we talk about privacy and online protection, the very first thing that comes to mind is two-factor authentication (2FA). Surprisingly, cybercriminals are trying to try new ways to bypass this protection in order to gain access to users’ one-time passwords (OTPs).

Bots are making headlines today due to their involvement in cybercrime, such as SIM card swapping, phishing, and data breaches. Bots automatically call targets in phishing scams and trick them into giving up OTP codes. This implies that the configuration of the bots is not up to date and somewhere the hackers may have discovered the loophole in the codes.

According to reports from Cyware Social, there are two bots of concern, according to researchers at Intel 471. These are BloodOTPbot and SMSRanger. The first is an SMS bot that can be used to make automatic calls, tricking the user into believing that the person calling them is a bank employee. A classic act of phishing. The second is used to target specific apps and services like Google Pay, PayPal, and Apple Pay.

There are also other bots that are on the radar, such as SMS Buster, which require a bit more effort to hack it. This bot is also used to impersonate the attacker as a bank clerk.

In a nutshell, apps like Telegram should not be considered secure in the given environment where even two-factor authentication is not secure. Hackers are getting very proactive and trying all other ways to access information and use it to their advantage.

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