No matter what the suddenly disbanded hacking group known as LulzSec may have led the world to believe, not all security breaches are simply about stirring up trouble to embarrass the target and gain enough XP to increase the notoriety meter. Sometimes its about cold, hard cash. Just ask Citigroup, which says a hack attack last month stole millions of dollars from thousands of credit card accounts.
Those of you who have been paying attention to the news lately may have been led to believe that hackers only have it out for Sony. The truth is, those with an Internet connection and a moral ineptitude will target anyone and everyone, and lest we needed to be remind of that, Citigroup says it was hit by hackers who may have swiped credit card information from 200,000 North American accounts.
According to a report from the Wall Street Journal, Google has entered into an arrangement with Citigroup and MasterCard to enable mobile payments on Android phones. The technology, which is currently being tested, would make use of wireless near-field communication (NFC). Customers would be able to wave their device over a reader to pay for items.