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 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 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

    BNPL, BNPL for everyday expenses

    Hard Times, Easy Money: BNPL Now Finances Rent and Utilities

    August 21, 2026
    faster payments fraud prevention

    Beyond Compliance: Rewiring Fraud Prevention for Faster Payments

    August 20, 2026
    embedded finance for banks, instant payments

    Embedded Finance: Banks’ New Growth Channel

    August 19, 2026
    digital gift card experience

    How Leading Brands Are Building Better Digital Gift Card Experiences

    August 18, 2026
    AI fraud prevention for credit unions

    When AI Changes Fraud, Trust Becomes Everything

    August 17, 2026
    fednow

    How the Evolving Role of the CFO Is Changing Payments Strategy

    August 14, 2026
    real-time payment fraud prevention, alternative payment fraud liability

    How Innovation Is Transforming Payment Fraud Prevention

    August 13, 2026
    phygital payments

    Why People Still Want Physical Things in a Digital World

    August 12, 2026

    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

    ©2026 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