This week’s roundup of top Mobile ID World stories underscores the importance of strong cybersecurity. We also take a look at the store of the future and the latest wearable fitness innovations.
Our biggest story comes out of Cambodia, where the U-Pay e-wallet and mobile payments platform is turning to IPification to improve account security. U-Pay will use IPification’s phone verification service to replace SMS passcodes and ensure that customers are using their own handsets when they try to open an account.
U-Pay Secures Digital Wallet With IPification
Crypto.com suffered an embarrassing blow when hackers stole more than $30 million worth of BitCoin, Ethereum, and assorted other cryptocurrencies from the platform. The hackers were somehow able to bypass Crypto.com’s 2FA requirement, a fact that shows why 2FA is so important, and should remind platform operators to make sure that their security systems are implemented properly.
Crypto.com Says Hackers Overcame 2FA Obstacle in $3O Million Crypto Heist
Train Fitness has released a new app for the Apple Watch that analyzes wrist movements to count individual reps for common weight-based exercises like curls and push-ups. The app goes beyond basic step counters and cardio trackers to give athletes a more nuanced understanding of their workout progress.
New Apple Watch App Can Track Your Reps at the Gym
Ryan Reynolds, Scarlett Johansson, and Robert Downey, Jr. were some of the A-listers that contributed to a $620 million round of Series C funding for 1Passoword. The login specialist is now valued at $6.8 billion, and its recent success demonstrates the demand for more secure authentication options. The company’s platform supports biometric modalities like face and fingerprint recognition in addition to more traditional passwords.
Star-Studded Series C Brings 1Password Valuation to $6.8 Billion
Finally, VSBLTY and Intel are collaborating on a new Store as a Medium project that encourages retailers to use modern technologies and data analytics to build stronger relationships with their customers. The project includes a white paper and a metaverse app, and notes that better data can help businesses refine their retail strategies.
‘Store as a Medium’ App Explores Retail’s Future in the Metaverse
Stay tuned to Mobile ID World for the latest digital identity news. You can also visit our sibling site FindBiometrics to read more about the world of biometrics.
Read More: Workout Reps and Crypto Theft in this Week’s Top Mobile ID Stories – Mobile ID World