A sophisticated malware attack has robbed hundreds of banks in 30 nations, including the US, Russia, Japan, and Europe. According to a report from Kaspersky Labs provided to the New York Times, upwards of $300 million dollars was stolen, which could make this one of the largest bank heists ever.
Joe wants to know how Google Wallet works. Leo says he has to tie it to a credit or debit card, and then it charges the credit or debit cards when he makes purchases. He can also reload the wallet ahead of time to debit it. It's like EasyPass while driving.
Check out Google's AntiFraud Theft policy here.
"One Card to Rule them all, One Card to Charge them. One Card to Bring them all, and in debt bind them." That's the idea of Coin, a one size fits all digital credit card that can be programmable for all cards, and can switch between them as users use it. Leo says the marketing has been fantastic with it, but he wonders how secure Coin will really be. And will merchants buy into this idea?