Author: Alex Reece

Banks and Retailers Industry Tracking How Users Type, Swipe and Tap

Banks and Retailers Industry Tracking How Users Type, Swipe and Tap

Cyber Security, Internet, Mobile, social media
When you’re browsing a website and the mouse cursor disappears, it might be a computer glitch — or it might be a deliberate test to find out who you are. The way you press, scroll and type on a phone screen or keyboard can be as unique as your fingerprints or facial features. To fight fraud, a growing number of banks and merchants are tracking visitors’ physical movements as they use websites and apps. Some use the technology only to weed out automated attacks and suspicious transactions, but others are going significantly further, amassing tens of millions of profiles that can identify customers by how they touch, hold and tap their devices. The data collection is invisible to those being watched. Using sensors in your phone or code on websites, companies can gather thousands of da
PwC Reports AI Won’t Kill The Job Market

PwC Reports AI Won’t Kill The Job Market

Internet, Technology
It’s impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a birds eye view from the top down, and pointed to the results of sweeping economic changes. Their prediction, in a new report out Tuesday, is that it’ll all balance out in the end. More automation in trucks, factories and elsewhere could decimate around 7 million existing jobs in the UK by 2037. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the same number of jobs back in the system: 7.2 million, PwC estimates. To be clear those new jobs won’t involve building robots or coding AI-powered software, which will only make up around 5% of employment, sa
70% of Kenyans vulnerable to digital financial transaction fraud says USSD firm

70% of Kenyans vulnerable to digital financial transaction fraud says USSD firm

Cyber Security, Mobile, social media
Myriad Connect has concluded recent research that found that over 70% of Kenyans have been the victims of digital financial transaction fraud, or know someone who has. Other figures indicate 57% sms, 73% phone calls, 17% social media and 19% email were the channels through which Kenyan consumers were targeted to become victims of financial service transaction fraud. “Financial service transaction fraud in Kenya is costing banks billions and customers their life savings,” says Fabien Delanaud, GM of Myriad Connect. “While financial service transaction fraud is a global issue; Kenya has been a leader in the adoption of mobile and digital payments, which unfortunately brings with it a growing risk of fraud.” One of the most prolific forms of financial service fraud is SIM swap fraud, wh
Uganda to rethink social media tax after backlash

Uganda to rethink social media tax after backlash

Business, Internet, social media
Uganda is reviewing its decision to impose taxes on the use of social media and on money transactions by mobile phone, following a public backlash. The tax means Ugandans will now have to pay 200 Ugandan shillings ($0.05) a day to use popular platforms like Twitter, Facebook, and WhatsApp. Prime Minister Ruhakana Rugunda made the announcement soon after police broke up a protest against the taxes. President Yoweri Museveni had pushed for the taxes to boost government revenue and to end "gossip" on WhatsApp, Facebook and Twitter. Critics accused the 75-year-old of trying to stifle dissenting voices. The social media tax targets the use of what are described as Over The Top (OTT) services, which offer "voice and messaging over the internet", according to a previous statement by telecom c...
Amazon beats Walmart to acquire PillPack, an online pharmacy in bid to disrupt pharmaceutical industry

Amazon beats Walmart to acquire PillPack, an online pharmacy in bid to disrupt pharmaceutical industry

Business, Startups, Technology
Amazon has today announced an acquisition that underscores how it also hopes to have a more direct — and more commercial — role in the world of healthcare in the coming years. The company has purchased PillPack, an online pharmacy the lets users buy medications in pre-made doses. This news come only a week after after appointing a CEO for its healthcare joint venture with Berkshire Hathaway and JPMorgan. “PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” says Jeff Wilke, Amazon CEO of Worldwide Consumer, in a news release. “PillPack is meaningfully improving its customers’ lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier. We’re excited to see what we can do together o