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Avoiding Digital Wallet Transaction Fraud

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Mobile payment apps and digital currency are becoming the ideal option for consumers to pay for goods and services, learning numerous ways to avoid Digital Wallet Transactions Fraud.  

The increased usage and the risk of being targeted by fraudsters have scam artists utilizing these apps for their schemes and hacks that have become “ethical.”  

Mobile payment scams are becoming familiar, so staying alert is essential. Below are the most common mobile payment scams: 

Scams Through Social Contest  

Scammers are becoming increasingly knowledgeable at utilizing social media in order to trick people into sending fraudulent mobile payments or giving up personal financial information.  

The scammers will employ social media platforms to establish a fake contest with this type of project. Followers will request an entry to the game, and the scammers will contact people proclaiming they are winners.  

The scammers need winners to pay a fee to prove their accounts and receive their prize money. They get personal financial information and a significant amount of cash from the victims, and the alleged winners lose the game. 

The most common social media platform being used to impose such scams is microblogging platform, Twitter. 

Cash Prize Scams 

Hackers are mastering the art of gaining access to extended email lists of mobile payment app users by sending users a message notifying them that they have been qualified for a cash prize to be deposited into their account. The scammers demand the prize winners send a processing fee, which is how they steal money from unsuspecting victims. 

Fraudulent Payment Scams 

During this scam, hackers will pose as users on some of the most popular mobile payment apps. While genuine users will connect their personal or business credit card to their account, scammers on the other hand, exploit stolen credit cards to make fraudulent payments across various platforms.  

Often, they convince the sellers to send an item before going forward with the payment. Therefore, making the payment with a stolen card after the item has been shipped, leaving the seller completely empty-handed. 

How to Avoid e-Wallet Scams 

When people have an idea about mobile payment scams, they would prefer to learn preventative measures to stay safe while using their favorite digital wallet apps to avoid malware infiltration faster

Find below some of the ways to avoid digital wallet fraud: 

Link the Credit Card Instead of Debit Card 

When customers link their business credit card or personal to their mobile payment apps, they will be offering an extra layer of protection if they make a payment to a fraudulent person. 

Banks can trace credit card payments quickly, but debit card payments are more difficult to keep track of. Connecting a debit card could compromise the funds available in your checking account. 

Avoid Mobile Payments over Public Wi-Fi 

One of the ways to bypass scams is to avoid making financial transactions over an unsecured public Wi-Fi network which is an easy way to share your personal information with hackers. 

 Since Wi-Fi is open to anyone, they’ll frequently insert themselves between you and the internet to grab the exposed data you’re sending. That is why you should always make sure the app’s cash is used on a secure and password-protected network. 

Apple Wallet Fraud 

So how does it work? When customers receive or send money with Apple Pay, it’s like any other private transaction between two people. Similar to several types of payments, there are some precautions you can take to avoid falling victim to these scams. 

Customers should send and receive money only with people they know and make sure that the person requesting money isn’t mimicking someone you know or trust, like a relative, employer, government entity, or charity, even if the request’s account looks official in order to avoid e wallet fraud. 

Another piece of advice is to talk to the person yourself and confirm their name and payment information. However, don’t send the payment if you’re skeptical about their identity. 

If you receive a payment request from someone you don’t know, you can tap Report Junk under the message. You can also filter messages from unknown senders or block them from contacting you again. 

Other paying platforms are also present such as TransferWise, Google Pay, Stripe, Payoneer amongst others. 

Touch n Go eWallet Scam 

Some reports indicated that several teachers suffered losses when their Touch’ n Go eWallet (TNG eWallet) accounts got hacked. 

One of the victims is alleged to have lost around $689 through three transactions made in 7 minutes. To make matters worse, some of them had activated auto-reload, which is linked to their bank accounts. 

Summary 

Cyberattacks increased dramatically in the past few years as everything turned digital, reaching all means of technological communication. This led to a desperate desire to hack customers to steal the most valuable information from them. 

As such, we can learn to protect ourselves from those new ‘electronic’ thieves and avoid growing cybercrime risks for people and companies, taking advantage of their unawareness to the intensified risks of the evolving digital world. 


Inside Telecom provides you with an extensive list of content covering all aspects of the technology industry. Keep an eye on our Cybersecurity news section to stay informed and updated with our daily articles. 

Journalist for 8 years in print media, with a bachelor degree in Political Science and International Affairs. Masters in Media communications.

Technology

What are the Ethical Issues in Biometrics?

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Ethical Issues in Biometrics

What is biometric identification? It is the process through which unique biological characteristics are used in biometric identification to recognize and validate a person. These characteristics can be found in facial traits, eye structures, DNA, fingerprint patterns, and even handwriting. All this data that can be gathered on an individual inevitably brings up the ethical issues in biometrics that need to be addressed.

Facial recognition and fingerprint scans were previously the domain of security, and they were utilized for identification and law enforcement. However, increasingly more business and civil applications are using biometrics authentication. Due to this increased use, it is crucial to address the moral and ethical issues in biometrics when used in the creation of new application and technology.

Applied biometrics and corporate ethics have received little empirical study despite the widespread use of biometric technologies. As a result, there is plenty of room for future study to help us better comprehend the moral consequences of adopting this technology.

This article examines the ethical concerns associated with the use of biometric technology on the use of biometrics for non-security applications as well as the moral ramifications for business.

Ethical Issues in Biometrics and Privacy

Biometric data takes privacy concerns to a whole new level that typical data gathering only touches on. Digital identities can be forged, and anonymity on the web can be maintained to a degree if you know how. Also, digital data can be deleted – if we forget that Meta (Facebook) has been revealed to store deleted data, which is an ethical concern in itself.

The problem with biometric data is that it is unforgeable, unconcealable, and permanent, You can’t change your eye structure, your fingerprint, or your facial features. Big tech companies already have your face, fingerprints, and your voice recorded and stored via current biometric authentication systems – mainly used for unlocking your phone. That data will be there forever, and there is little that people can do about it besides avoid it In the first place.

While many companies still give users the option of using a good old fashion passcode to unlock their phones, as technology as a whole tends to do, the biometric alternative is slowly gaining more traction, and will one day become the norm, as it is hard to argue its convenience and security. You can’t accidentally leave your eyeball at home or forget your fingerprint. But in the same sense, you can’t change it. If your childish curiosity while browsing the web put a black spot on your record, there’s no changing that.

Therein lies the question of who if anyone should have access to such data. Today’s tech giants have all our data in their hands, that won’t change with the spread of biometric verification methods. Indeed, it will only increase targeting capabilities.

While the collection of biometric data on its own does not necessarily mean it will be shared, monetized, or abused in any way, it never the less requires clear and strict guidelines and regulations to be implemented around it. There are too many things that can be abused by the wrong party when the ethical issues in biometrics are not taken seriously, and if such limitations are not applied stringently.


Inside Telecom provides you with an extensive list of content covering all aspects of the tech industry. Keep an eye on our Technology space to stay informed and up-to-date with our daily articles.

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Oppo Reno 8 and Reno 8 Pro: Specs and Comparison   

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Oppo Reno 8

The Reno line of smartphones has always had a fantastic camera and an attractive design. The Reno 8 and 8 Pro include a 120Hz AMOLED display, the newest Dimensity chipsets, 80W fast charging, a 32-megapixel front camera, and triple 50-megapixel back cameras, among other notable features that make the Oppo Reno 8 and Reno 8 Pro high-quality yet affordable option for anyone. 

Here we compare the two latest Oppo phone series iterations and see what to expect from the flagship Oppo smartphone, and how the Oppo Reno 8 and the Oppo Reno Pro stack up against each other. 

Oppo Reno 8 Specifications 

The Oppo Reno 8 has a smaller 6.43-inch full-HD+ AMOLED display with a resolution of 1,080 by 2,400 pixels, a 90Hz refresh rate, and Corning Gorilla Glass 5 protection. It also runs Android 12 with ColorOS 12.1 on top. Additionally, the display has an 800 nits maximum brightness and a 20:09 aspect ratio. An octa-core MediaTek Dimensity 1300 SoC, up to 8GB of LPDDR4x RAM, and up to 256GB of UFS 3.1 storage are all found within the Oppo smartphone. 

The Reno 8 has a triple back camera configuration for pictures and movies, with a 50-megapixel main sensor and an f/1.8 lens as its focal point. Additionally, there is a 2-megapixel macro camera with a 112-degree field of view and an 8-megapixel sensor coupled with an f/2.2 ultra-wide angle lens. 

The Reno 8 offers 5G, 4G LTE, Wi-Fi 6, Bluetooth v5.3, GPS/A-GPS, NFC, and a USB Type-C connector as connection options. An accelerometer, light, gyroscope, magnetometer, and a proximity sensor are among the sensors on board. For biometric verification, the phone also has a fingerprint sensor hidden behind the display. A 4,500mAh battery inside the Oppo Reno 8 supports 80W Super Flash Charge quick charging. The phone weighs 179 grams and has dimensions of 160 x 73.4 x 7.67mm. 

Oppo Reno 8 Pro Specifications 

A 6.7-inch full-HD+ (1,080×2,412) AMOLED display with up to 120Hz refresh rate and Corning Gorilla Glass 5 protection is included with the Oppo Reno 8 Pro. Running on top of Android 12 is ColorOS 12.1. Additionally, the display supports HDR10+ and is certified by Netflix HD, Amazon HDR, SGS Low Motion Blur, and SGS Low Blue Light. The MediaTek Dimensity 8100-Max SoC, which has eight cores, and up to 12GB of LPDDR5 RAM power the smartphone. Storage on the Oppo Reno 8 Pro is UFS 3.1 capable of up to 256GB. 

The Oppo Reno 8 Pro boasts a triple rear camera arrangement with a 50-megapixel Sony IMX766 main sensor and an f/1.8 lens, an 8-megapixel sensor and an ultra-wide lens with an f/2.2 aperture and a 112-degree field of view, and a 2-megapixel macro camera with an f/2.4 aperture. Along with the MariSilicon X NPU, the phone’s camera will offer generally better performance in both bright and dim light. It has a 32-megapixel front-facing camera sensor with an f/2.4 lens for taking selfies and making video calls. 

The phone has 5G, 4G LTE, Wi-Fi 6, Bluetooth v5.3, GPS/A-GPS, NFC, and a USB Type-C connector as connectivity options. An accelerometer, a light meter, a gyroscope, a magnetometer, and a proximity sensor are among the sensors built into the phone. For biometric authentication, the phone also contains a fingerprint sensor underneath the touchscreen. The smartphone has a 4,500mAh battery that supports rapid charging at 80W Super Flash Charge. The phone weighs 183 grams and has dimensions of 161 x 74.2 x 7.34mm. 

Both the Oppo Reno 8 and Reno 8 Pro are prime smartphones that can fit any user’s preferences and can be considered premium smartphones on the cheaper side. If you like photography, you will be satisfied with the level of quality overall, but keep in mind that neither phone is particularly water resistant, so be careful where you take it.  


Inside Telecom provides you with an extensive list of content covering all aspects of the tech industry. Keep an eye on our Technology sections to stay informed and up-to-date with our daily articles. 

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Electric Cars vs Gas Cars: How do They Compare Today

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Electric Cars vs Gas Cars

Many prefer the rumbling ‘vroom’ of a gasoline car to the soft hum of an electric vehicle, while others would rather just be satisfied in the knowledge that they are lessening their carbon footprint. Let’s look at the cold hard facts however, and compare electric cars vs gas cars

Electric Cars vs Gas Cars: Components

The amount of moving components is an important distinction between electric and gasoline-powered automobiles. While a gasoline-powered car contains hundreds of moving components, an electric vehicle just has one, the motor. Another significant distinction is that the electric car has fewer moving components. The electric car is more dependable and needs less routine maintenance. The maintenance needed for a gasoline-powered car ranges from routine oil changes, filter replacements, tune-ups, and exhaust system repairs to less frequent component replacements including water and fuel pumps, alternators, and so on.

Electric Cars vs Gas Cars: Maintenance

The expenses associated with maintaining an electric car are reduced since there are less maintenance requirements. The shaft, the only moving component of the electric motor, is extremely dependable and needs little to no maintenance. The controller and charger are electrical devices that require minimal to no maintenance because they have no moving components. Modern sealed lead acid batteries are maintenance free and utilized in electric cars nowadays. However, these batteries have a finite lifespan and will eventually need to be replaced. New batteries are being developed to increase the range of electric cars as well as the battery pack’s lifespan, perhaps eliminating the need to replace the battery pack throughout the course of the vehicle’s lifespan.

Electric Cars vs Gas Cars: Efficiency

In addition to being simpler and less expensive to repair than gasoline-powered vehicles, electric vehicles are also more cost-effective to run. The electric car will drive roughly 43 miles for $1 based on the efficiency of 3 miles/kwhr and the cost of power at 7 cents per kwhr. The gasoline-powered car will go roughly 18 miles based on the average gas mileage of 22 miles per gallon and the price of gasoline at $1.25 per gallon. As a result, an electric car may drive more than twice as far on a dollar’s worth of petrol.

Where Electric Falls Behind

There are still a number of difficulties for the owner of an electric car despite the fact that it will be less expensive to operate and maintain.

The primary issue is the restricted range offered by existing battery technology. The amount of driving distance possible utilizing the current batteries is between 50 and 150 miles. These ranges are being extended by new battery technologies, and prototypes of these batteries have shown ranges of up to 200 miles between recharging. Solar powered charging stations are being implemented in numerous places to decrease range anxiety towards electric vehicles

The lack of qualified service professionals to repair and maintain electric cars is another issue that faces their owners. A two-year associate degree program has been developed to train high school graduates to become proficient electric vehicle technicians, and training programs are being developed and made available to upgrade the conventional automotive technician with the skills needed to maintain an electric vehicle.

Infrastructure to recharge the batteries is also required. The most important component of the infrastructure for recharging already exists: electric power is accessible practically everywhere. To support the electric car, it is still necessary to guarantee that charging stations with the right sorts of service (i.e., maximum voltage and current) are placed in important areas. Plans must also be made.


Inside Telecom provides you with an extensive list of content covering all aspects of the tech industry. Keep an eye on our Technology sections to stay informed and up-to-date with our daily articles.

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