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:

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.

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You want to learn more about our support for MNO to identify fraud in DCB? Check out our use case here:

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.

Full article:

Use cases

Ohne Bargeld: Tanken und bequem am Handy bezahlen
Im Kreis können Autofahrer übers Handy Parkgebühren und Spritrechnung abbuchen lassen. Was dahinter steckt.Die Idee passt in die Corona-Zeit: Man tankt an der Zapfsäule den Wagen und zahlt dort auch gleich per Handy-App die Rechnung. Der Gang ins Kassenhäuschen ist nicht mehr nötig, das Virus hat keine Chance – zumindest auf Tankstellen, die das sogenannte mobile Zahlen anbieten. Im Kreis Pinneberg machen immer mehr Betriebe mit.
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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:

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:

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