Facebook Debuts Payments System For Its Platform, Apps

Facebook unveiled Facebook Pay, a system to enable payments across its own platform as well as Messenger, Instagram and WhatsApp. The user will be able to send money to people, shop and donate to fundraisers. According to the company, Facebook Pay, which is completely separate from the company’s newly released Calibra wallet and Libra cryptocurrency network, is built on “existing financial infrastructure and partnerships.” Facebook Pay for Facebook and Messenger will debut in the U.S. this week. Continue reading Facebook Debuts Payments System For Its Platform, Apps

Hackers Increasingly Use SIM-Swapping to Hijack Accounts

Last week, hackers took over the Twitter account of that company’s chief executive Jack Dorsey, using SIM-swapping, a technique that lets hackers access social media, email, financial accounts and other sensitive data. SIM-swapping, by which hackers take over the target’s phone, is being used to steal money and take over the “online personae” of celebrities, politicians and other notable people. In response, Twitter temporarily turned off the feature that allows users to send tweets via text message. Continue reading Hackers Increasingly Use SIM-Swapping to Hijack Accounts