7-Eleven Japan shut down its mobile payment app after hackers stole $500,000 from users

www.theverge.com

This product launch definitely has a few postmortem reviews coming. On Monday, 7-Eleven Japan launched a payments feature in its mobile app that allowed users to scan QR codes or barcodes from within the app and immediately pay for the item. On Thursday it suspended the feature. Why? Hackers stole $500k after exploiting a flaw that allowed third parties to make bogus charges on hundreds of customer accounts.

Read more...
Linkedin

Want to receive more content like this in your inbox?