PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Should a F500 CFO Rely on Smartphone Security? Hell NO!

By Tim Sloane
November 13, 2017
in Analysts Coverage
0
1
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Face Recognition And Identification Vector. Face Recognition Technology. Face On Screen. Human Face With Polygons And Points. Scanning Security Illustration

Face Recognition And Identification Vector. Face Recognition Technology. Face On Screen. Human Face With Polygons And Points. Scanning Security

Standard smartphones are sufficient to protect me, but I don’t have much of a nest egg. However, those that authorizes million dollar transactions every day, really needs to step it up a notch! This article in Yahoo! Finance announced that the new iPhone facial recognition has been hacked:

“When Apple introduced Face ID security alongside the iPhone X, it boasted that even Hollywood-quality masks couldn’t fool the system. It might not be a question of movie-like authenticity, however — security researchers at Bkav claim to have thwarted Face ID by using a specially-built mask. Rather than strive for absolute realism, the team built its mask with the aim of tricking the depth-mapping technology. The creation uses hand-crafted “skin” made specifically to exploit Face ID, while 3D printing produced the face model. Other parts, such as the eyes, are 2D images. The proof of concept appears to work, as you can see in the clip below. The question is: do iPhone X owners actually have to worry about it?

The researchers maintain that they didn’t have to ‘cheat’ to make this work. The iPhone X was trained from a real person’s face, and it only required roughly $150 in supplies (not including the off-the-shelf 3D printer). The demo shows Face ID working in one try, too, although it’s not clear how many false starts Bkav had before producing a mask that worked smoothly. The company says it started working on the mask on November 5th, so the completed project took about 5 days.”

However the key phrase in this article comes in the next paragraph:

“Apple declined to comment when asked about the claim. However, Bkav is quick to acknowledge that the effort involved makes it difficult to compromise ’normal users.’ ”

There are special smartphones available for those that represent targets to criminals or government agencies, including the Blackphone or the Blackberry PRIV. There are also upgrades that can be made to some traditional smartphones that might prove sufficient, depending on your vulnerabilities. But anyone that can authorize large dollar transactions really needs more than special devices, they need special protection since kidnapping remains a real possibility.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

Read the full story here

1
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: AppleBiometricsSecurity

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    open banking

    Open Banking Has Begun to Intrude on Banks’ Customer Relationships

    December 5, 2025
    conversational payments

    Conversational Payments: The Next Big Shift in Financial Services  

    December 4, 2025
    embedded finance

    Inside the Embedded Finance Shift Transforming SMB Software

    December 3, 2025
    metal cards

    Metal Card Magnitude: How a Premium Touch Can Enthrall High-Value Customers

    December 2, 2025
    digital gift cards

    How Nonprofits Can Leverage Digital Gift Cards to Help Those in Need

    December 1, 2025
    stored-value prepaid

    How Stored-Value Accounts Are the Next Iteration of Prepaid Payments

    November 26, 2025
    google crypto wallet, crypto regulation

    Crypto Heads Into 2026 Awaiting Its ‘Rocketship Point’

    November 25, 2025
    Merchants Real-Time Payments, swipe fees, BNPL

    The 3 Key Trends That Will Shape Merchant Payments in 2026

    November 24, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result