Mobile and NFC payment technologies have been on the rise in recent years. But with many merchants and retail outlets still reluctant to invest in the new technologies, and with the rise of fraud in existing solutions, industry participants are divided over how and whether the technology will ever gain widespread acceptance in developed markets.
US IT security software specialist Kaspersky Lab has announced the discovery of what it says is the first Trojan virus designed to run on the Google-backed Android operating system. Once active, the virus begins to send SMS messages to premium rate numbers, with the charges passed back to the user.
The Symbian Foundation has been left with egg on its face after accidentally sanctioning what experts are calling the first text message worm in history.