- From: Kingsley Idehen <kidehen@openlinksw.com>
- Date: Fri, 06 Mar 2015 09:22:53 -0500
- To: public-webpayments@w3.org
- Message-ID: <54F9B83D.9000509@openlinksw.com>
On 3/3/15 7:40 PM, Manu Sporny wrote: > Fraud Comes to Apple Pay > http://blogs.wsj.com/digits/2015/03/03/fraud-comes-to-apple-pay/ > > """ > Abraham said it’s not “an anomaly” to see fraud accounting for about 6% > of Apple Pay transactions, compared to about 0.1% of transactions using > a plastic card to swipe. He noted that fraud rates vary by issuing bank. > ... > the weakness identified by Abraham occurs at an earlier stage, when a > user is adding a credit card to Apple Pay. > ... > Card issuers have been eager to join Apple Pay, and it’s possible that > some didn’t provide enough training to customer-service representatives > who handle authentication questions > """ > > -- manu Social dimensions have always been the conduit to security compromises. This why logic is the best tool for addressing identity, privacy, and security related challenges. It's is ultimately all about the nature of relations (the logic that facilitates data representation using sentences/statements) + identifiers (e.g., HTTP URIs). -- Regards, Kingsley Idehen Founder & CEO OpenLink Software Company Web: http://www.openlinksw.com Personal Weblog 1: http://kidehen.blogspot.com Personal Weblog 2: http://www.openlinksw.com/blog/~kidehen Twitter Profile: https://twitter.com/kidehen Google+ Profile: https://plus.google.com/+KingsleyIdehen/about LinkedIn Profile: http://www.linkedin.com/in/kidehen Personal WebID: http://kingsley.idehen.net/dataspace/person/kidehen#this
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Received on Friday, 6 March 2015 14:23:16 UTC