mdk.Update: Weekly insights from Telecoms, payment, security, eCommerce & online fraud (#5/22)
In this week’s market update, we have curated the following articles for you.
Anything you like to see more content on? Just leave us a comment below.
Online security and fraud prevention
Huge subscription fraud campaign hits over 100 million Android users
A widespread Android subscription fraud campaign has been discovered actively stealing from users money.
Uncovered by cybersecurity researchers from Zimperium zLabs, the “Dark Herring” campaign consists of some 470 apps, all found in the official Google Play Store.
The apps, most of which fall in the entertainment category, have all offered “premium” services for registered users. Those that would register an account, would be billed up to $15, through Direct Carrier Billing (DCB).
All details:
https://www.techradar.com/news/huge-subscription-fraud-campaign-hits-over-100-million-android-users
Prüft eure Mobilfunkrechnung: Diese 470 Android-Apps haben euch Monate lang abgezockt
Sicherheitsforscher haben 470 Android-Apps bei Google Play entdeckt, die seit März 2020 über 100 Millionen User weltweit in eine Abofalle gelockt haben sollen. So prüft ihr, ob ihr auch Dark Herring-Opfer seid.
Read the full article here:
https://www.netzwelt.de/news/198791-prueft-mobilfunkrechnung-470-android-apps-haben-euch-monate-lang-abgezockt.html
You want to learn more about our support for MNO to identify fraud in DCB? Check out our use case here: https://mdk.digital/case-study/market-observation/
Innovation and “out of the box” thinking
iPhone: Apple arbeitet an neuer Bezahlfunktion ohne Terminal
Das Bezahlen via Smartphone ist schon jetzt spielend leicht. Nun werkelt Apple wohl an einer neuen iPhone-Funktion, die das Mobile Payment weiter vereinfacht – und mehr Menschen zugänglich macht.
Use cases
Ohne Bargeld: Tanken und bequem am Handy bezahlen
Market outlook and development
Digital assets banned for payment
Regulators plan to prohibit the use of digital assets to pay for goods and services because it could create a risk for financial stability and the economy.
According to a joint statement by the Bank of Thailand, Securities and Exchange Commission (SEC) and the Finance Ministry on Tuesday, they have reviewed the benefits and risks of digital assets and deem it necessary to regulate their usage as a means of payment for goods and services to avert potential impacts on the country’s financial stability and economic system.
All details:
https://www.bangkokpost.com/business/2253403/digital-assets-banned-for-payment
Popular payment methods in Europe in 2022
Payment methods are an integral component to the success of ecommerce businesses. Knowing which payment methods are preferred by customers can increase conversion for online stores. Genome, a Lithuania-based financial platform, made a list of the current trends and most popular methods in Europe.
Find the details here:
https://ecommercenews.eu/popular-payment-methods-in-europe-in-2022/
