Mark Bridge writes:
At the beginning of last week, Facebook and Instagram were the talk of the mobile industry. Was this billion-dollar deal the sign of another tech bubble? Facebook’s fast track into mobile? Facebook moving to cement its dominance of online photography? You, the jury, decide.
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Wireless communications trade organisation CTIA-The Wireless Association has announced that it’s been working with the US federal government, law enforcement agencies and a number of its members to help deter smartphone thefts and protect consumer data.
It’s introducing four voluntary industry commitments: implementing a database that’ll keep stolen phones offline, encouraging consumers to set up security on their new devices, informing users about ‘remote control’ security options and educating people about phone theft risks.
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A new report from Juniper Research reveals that the mobile telecommunications industry lost more than $58 billion last year due to inadequate Fraud Management and Revenue Assurance processes.
That’s over 6% of global industry revenue.
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Mark Bridge writes:
It’s been a week of ups and downs for the mobile industry.
It started with good news as Apple – fresh from hitting 3 million new iPad sales – announced its plans to spend some of the $100 billion sitting in its decidedly non-mobile wallet. There’ll be a quarterly dividend and a share buy-back scheme.
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NFC-equipped smartphones can be used to copy data from contactless credit cards, according to a report by Channel 4 News.
It showed security company ViaForensics successfully copying a cardholder’s name and card number from a Barclays Visa card. Attempts to access card information from other providers wasn’t successful.
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