08-10-2015 03:36 via uk.news.yahoo.com

Samsung Electronics says mobile payments data safe after LoopPay hack

Tech giant Samsung Electronics Co Ltd said its Samsung Pay user data is safe after a hacking attack against a U.S.-based subsidiary that developed a key technology for its newly-launched mobile payments system. Disclosure of the attack, first reported by the New York Times on Wednesday, comes less than two weeks after Samsung Pay's launch in the United States. The world's top smartphone maker hopes the convenience provided by the payments system can help it defend shrinking market share and marg
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