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SIM card hack has severe implications for business

Christopher Null | July 24, 2013
It is estimated that roughly half a billion mobile devices worldwide would currently be vulnerable to this type of attack.

Finally, as phone-based commerce becomes increasingly popular, this opens up yet another avenue where businesses will face risks. Hackers could theoretically redirect payments or change the amounts involved, potentially leaving merchants high and dry at the end of a transaction.

 

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