Smartphones have become a central part of our lives. But, while they aim to heighten convenience, there is a real feeling that smartphones are becoming a bigger target for cybercriminals, says CAREY VAN VLAANDEREN, ESET South Africa CEO.
So, why are criminals eager to get into our devices?
A smartphone knows everything about us
The amount of information stored on a smartphone has skyrocketed in recent years. The connectivity of apps means we supply nearly every piece of information about ourselves, whether its bank account details or our preferred taste in pizza.
For a cybercriminal potentially wanting to commit identity theft, a smartphone is a goldmine.
It’s a way into companies and other organisations
The use of Bring Your Own Device (BYOD) has become one of the most prominent trends for companies around the globe. Cybercriminals are viewing these devices as an ideal gateway into stealing valuable corporate information.
Security can be lax
The rise of BYOD has also caused plenty of headaches for a number of companies in various industries, mainly due to difficulties in rolling out a unified approach to security.
In a recent Tech Pro Research survey of CIOs, tech executives and IT workers, 45% of respondents said mobile devices posed the greatest risk to a company’s infrastructure, with the fragmented nature of some mobile platforms cited as a primary reason.
Autofill has become our best friend
One of the reasons our phones are carrying more personal information than ever before is primarily down to our desire for convenience.
With our devices now handling a myriad of services and subsequent apps, we find ourselves with a larger number login details than ever before.
It’s a route into your wallet
Our phones can be used to transfer money, pay our bills, and are even being used as a method of payment.
Apps such as SnapScan and FlickPay are pushing mobile payments into the mainstream, and some experts expect it to be a trend that will continue over the next few years.
Of course, the only drawback is that they are likely to catch the attention of cybercriminals.
Phones know where you are and where you are work
In many circumstances, the reason behind tracking your device are entirely innocent, such as helping you get the most out of your data and your apps.
For example, if you’re out and about, you can check out restaurant or business recommendations with just a couple of swipes.
However, hacking a device’s GPS capabilities is not seen as a difficult task, with many gamers using it to cheat at the popular augmented reality game Pokémon Go in the hands of the criminals, a compromised GPS could be an unnerving prospect.
For several years now, Bluetooth has been a regular feature on smartphones and other mobile devices. Yet, like GPS, it is still seen as a potential entry point for cybercriminals.
The effects of such an attack can result in Bluesnarfing – where a phone’s private information is compromised, or Bluebugging, which allows a criminal to take complete control of your phone.
But while there is a risk, these methods are becoming increasingly harder for hackers to exploit.
Some scams are specific to mobile
There are several well-known ways in which cybercriminals can use your smartphones to make quick cash.
In countries like China, for example, malware can be used to access devices and force them to call premium numbers that charge large amounts.
These scams are not only potentially lucrative, but can also spread across large numbers of devices.
They’re a great way of sending spam
Everyone hates spam. Well, apart from cybercriminals, anyway.
There are several reasons why a criminal would want to send spam, but many of them see smartphones as the ideal platform for sending these communications.
This is mainly because it is much harder for service providers to track down and block offenders.
Users are ignorant about the dangers
Many of the most seasoned tech users are now well acquainted with best practices when it comes to using laptops or desktops, but smartphones often slip down the list of priorities.
Which, in some ways is surprising, given that smartphones have increasingly been targeted since as early as 2005.
However, as the threat is more visible than ever, we’re slowly beginning to understand that security matters. Let’s treat them with the importance they deserve.
SA startups in Visa final
Leading fintech companies from the Sub-Sahara Africa technology startup community have made it to the finals of Visa’s Everywhere Initiative.
Among the 12 chosen, from the 238 total entries, South African startups Howler and FinChatBot will compete against innovators from across Sub Sahara Africa for a chance to secure funding of up to US$50,000 to develop their ideas when the initiative concludes in Johannesburg on July 24.
Fintechs in Africa are making incredible strides; not only to bring more convenience to consumers, but also to enable people who would not otherwise have access to financial services or even a way to connect to the formal banking system. Venture funding for African startups jumped by 51% to $195 million in 2017 and fintech in Africa is expected to grow exponentially in the next few years as it continues to disrupt the traditional financial sector. With a clear goal of reducing reliance on cash, building digital payment based economies and increasing financial inclusion, Visa is committed to fostering an entrepreneurial spirit and driving innovation in its payments landscape.
The Sub Saharan Africa edition of the Visa’s Everywhere Initiative challenged local fintech startup to deliver solutions based around three real life business challenges:
- How can startups leverage Visa Developer APIs to either: Enable smaller merchants to accept payments in-store digitally OR Provide a safe and secure solution for online merchants to drive eCommerce and reduce cash on delivery?
- How can startups use Visa’s APIs to leverage mass reach and social media partner platforms like Facebook to help businesses operating in fast-paced consumer centric environments improve cash flow and receive payments?
- How can startups leverage technology to provide services that are functional for illiterate customers to provide them with secure transaction experiences that build and enhance their confidence in the banking system?.
Entrants were asked to submit ideas to leverage Visa’s network and technologies to resolve against at least one of the challenges. One winner per brief will be selected, with each receiving funding of US$25,000. Winners will be invited to a working meeting with Visa and may be presented with the opportunity to create a prototype. Visa will then select one overall winner to receive an additional US$25,000.
Geraldine Mitchley, Senior Director – Digital Solutions, Sub-Sahara Africa, Visa, said: “We are delighted with the response to our Visa’s Everywhere Initiative and the quality of submissions we received is an indication of the region’s rich talent pool and innovative spirit.”
“Launching this innovation program in the region has been an exciting time for the Visa SSA team, and the takeup reflects Africa’s enthusiasm to develop and pioneer solutions to the continent’s challenge – particularly in the payments technology space. I would like to congratulate the finalists and wish them luck as they enter the final stretch. When they come together for the final, they will not only have the chance to turn their ideas into reality, but also potentially help shape the future of payments in the region.”
Howler which enables cashless transactions and end-to-end ticket handling for consumers and event organisers is competing in the first challenge and FinChatBot, which aims to automate part of customer services for financial service providers through AI-powered conversations is competing in the third challenge.
The SSA edition of the Visa’s Everywhere Initiative will wrap up on July 24 in Johannesburg, with each finalist having an opportunity to pitch their ideas to a panel of expert judges from Visa and the payments industry.
Win a Poster Heater with Gadget and Takealot.com
This winter Gadget and Takealot.com are giving away three Poster Heaters, which look like posters but become heaters when you plug them in.
Three Gadget readers will each win a unit, valued at R550 each. To enter, follow @GadgetZA and @Takealot on Twitter and tell us on the @GadgetZA account how many Watts the heater consumes.
What’s the big deal about these heaters? Many of us are struggling to keep the balance between soaring electricity costs and the need to keep warm this winter.
However, the recently launched Poster Heater by EasyHeat and distributed in South Africa by Takealot.com is not only one of the most cost effective electric heaters currently on the market, it is also easy to setup and use.
As the name indicates, it is a poster similar to one you would hang on a wall. But, plug it in and it turns into a 300 Watt heater. The Poster Heater isn’t designed to heat hallways or large rooms, but rather smaller ones like a bedroom or a baby’s nursery or a dressing room.
It uses radiant heating, which means that it heats up in a couple of minutes and the heat is directed at the objects or people around it, quickly taking the chill out of the air and providing a comfortable ambient temperature.
The other advantage of radiant heating is that it doesn’t dry out the air like infrared or gas heaters. Users also don’t have to worry about their children or pets getting too close to it because, even though it gets hot, it can be touched.
To enter the competition follow the steps below:
Competition entry details:
3. The competition closes on 31 July 2018.
4. Winners will be notified via Twitter on 1 August and Takealot.com will be in touch to organise delivery.
5. The competition is only open to South African residents.