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From 37 sources. In 3m 49s...(or 2m 49s if you're on drugs like
All the digital scams.
Neo-banking for the unconnected.
Round Up: All the latest
Today's Big Ideas
Big Wins for Japan and
Cyber-Scammers in World Cup!
In case you missed it, the
World Cup’s on, and naturally, scammers are trying to ruin it.
Security researchers have
identified 16,000 scam domains using FIFA World Cup 2022 branding, selling
everything from fake tickets, kits, and phone cases (classic) to phony crypto
tokens and NFTs (so 2022!)
World Cup fever provides the
perfect cover for opportunistic cybercriminals who want to make a quick buck.
But there are other dark forces at play. According to Tim Starks at the
Washington Post, some of the piggybacking baddies have ideological and
Let’s face it. Nobody wanted
a Qatar World Cup. At least, nobody in the West. The US reported growing
concern over the use of cyber espionage and surveillance by the Qatari regime.
And European regulators advised fans against downloading Qatar’s official World
Cup app, Hayya, citing privacy risks.
Earlier this month, the
security firm, Digital Shadows, highlighted the big scams to look out
Scammers are churning out webpages masquerading as legitimate, trusted
organisations to steal personally identifiable information (PII). Watch out
for qatar2022[.]pro, in particular. Its links go to the official Qatar 2022
World Cup website, but clicking on the Chat Box opens you up to malicious
Fake Apps: You'll find scores
of dodgy apps in unofficial and official app stores. Some seem
innocuous at first but soon switch to installing adware and sypware, stealing
PII and financial data, extracting cookies and credentials.
Fraudulent Social Media
Pages: Facebook pages are exploiting the Qatar 2022 World Cup brand
and logos to spread a smorgasbord of scams and pyramid schemes. Fake profiles
for VIPs like FIFA president Gianni Infantino are being used to extract money
from unsuspecting victims,
Crypto and NFT Fraud:
Phoney World Cup tokens and coins–promoted as limited edition
cryptocurrencies–are doing the rounds. With Crypto.com an official World Cup
sponsor and Ronaldo launching his own NFT project last month, it’s no
surprise scammers are turning to Web3. Quick word of warning: If Alan
Shearer tries to sell you a Gazza-Coin on Facebook–just say no.
Hacktivists: 2022 has been
the year of the hacktivist, fuelled mainly by Russia’s invasion of Ukraine.
Their aim isn't stealing money, but drawing attention to their cause. With
billions of eyeballs locked on the World Cup, there's ample opportunity for
hacktivism. Crowdsourced distributed denial of service (DDoS) attacks,
website defacements, and data destruction operations are likely.
Yuva Pay Stands Out Among 174
174 startups over 48 hours
pitched their boldest new ideas in FIS’s first APAC fintech competition:
InnovateIN48 (Partner Edition.) Among the nine winning ideas was Yuva Pay, a
neobank for the unbanked and underserved populations of the world–no internet
While every other bank is
focused on connected customers, Indian startup Yuva Pay targets half a
billion Indians without smartphones or internet access. It’s a vast, largely
rural market that will come online eventually. But probably not for decades.
Yuva Pay can be the bridge to digital and financial inclusion. This is
Yuva Pay’s Offline Mobile
Payment Solution relies on SMS instead of 3G, 4G, or 5G. It compresses,
encrypts, and pushes data packages through SMS to offline servers and then onto
its banking partners. Yuva Pay can offer savings, credit, payments, and
insurance by serving as a communication later.
💰 Credit card provider X1 nets $15m. They make
"The smartest credit card ever made’ - built with 17g of stainless steel and
laser etching technology.