He was later awarded 7,002 bitcoins for his efforts by a bitcoin enthusiast. IronKey would probably focus on the BlackBerry, Android and iPhone platforms, Jevans said.Back in 2011, Stefan Thomas produced an animated video explaining how digital currency works.
are using mobile phone banking, and it will only be a matter of time before the number of users increase to make those platforms attractive to criminals, Jevans said. Up to 10 percent of online banking customers in the U.S. IronKey is also looking into how to build software-based secure mobile banking applications. ACH is used by institutions to handle direct deposits, checks, bill payments and cash transfers between businesses and individuals.Īs a result, IronKey roadmap includes plans for different ways to sign transactions with its device for businesses, which is now often done by the banks by sending an SMS (Short Message Service) to a person's mobile phone with a one-time code that is entered into a Web-based form, Jevans said. In the U.S., many accounts have been compromised through ACH (Automated Clearing House) fraud. "There's only a certain number of thousand of mules active at one time," Jevans said "We're starting to believe that's the constraint around why aren't there billions and billions being moved out."īusiness accounts can be a more lucrative haul. Law enforcement agencies have increasingly warned people about work-at-home schemes that seek to recruit people to become mules.
In the U.S., where consumer online bank accounts often only require a login and password, it appears that hackers have obtained more account details than they can find money mules. has a wider network for retaining money mules, or people who agree either knowingly or not to accept funds into their account for immediate transfer somewhere else. that seem to be routinely probed by hackers and sophisticated malware, said Jevans, who declined to name the banks. Jevans talks with bank executives about his company's product, the IronKey, a ruggedized flash storage drive and secure access device.
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