Author: Denny

The electronics giant is working with Trek bicycle to bring the tech into cutting edge bikes.

Samsung Electronics has now entered into a partnership with Trek Bicycle, a bike manufacturer, with the intention of bringing its wearable technology devices into these high quality vehicles.

The goal is to bring the mobile devices into the training available to the company’s racing team.

Now that the Tour de France is underway, it is likely that this partnership will have Samsung offering the various coaches, support staff, and the cyclists, themselves, with Samsung mobile, tablet, and wearable technology devices, including the Galaxy Gear. The purpose will be to help the athletes to be able to enhance their overall training and cycling experiences.

These two companies will be using the wearable technology to spot improvement areas for the Trek Factory Racing Team.

They will be using the Samsung Gear devices so that the athletes will be better able to monitor their health. At the same time, the tablets will be used by the teams as a whole in order to be able to develop enhanced communication, strategies, and plans for routes within the races. According to the Samsung executive vice president of global marketing at the IT and mobile communication division, Younghee Lee, “Fitness and wellness are such an important part of people’s lives, and Samsung is continuously focused on integrating meaningful features into our smart mobile devices.”

Lee also explained that through the partnership between Samsung and Trek, it will make it possible for the electronics company to be able to better comprehend the requirements that are specific to cyclists so that the interaction between them and their mobile devices can be enhanced, giving both fans and athletes the opportunity to remain connected and active throughout their everyday lives.

According to Samsung, this is merely the latest step in a greater overall effort to “constantly exploring various opportunities” for bringing its various forms of mobile and wearable technology to individuals who enjoy an active lifestyle and who take part in various forms of sport every day. The move aligns very well with the image that the company is currently working to maintain.

Boleto reports that it has been compromised by malicious attack

Brazil’s mobile payments platform Boleto has announced that it has been hacked. The platform is the most popular of its kind in all of Brazil, which has made it a target for malicious groups seeking to exploit financial information. The attack has brought more attention to the issue of mobile commerce security and could have a major impact on whether or not people will participate in mobile commerce in the future.

Some $4 billion has been stolen from Boleto

Boleto notes that the hack occurred over a two year period, with some 500,000 transactions being compromised over that timeframe. An estimated $4 billion in mobile payments has been stolen as the result of the attack. It is still unclear whether or not all of the money involved in the attack has been obtained by the parties involved. Some of the funds may be caught in a sort of digital limbo, waiting to be accessed at a later point in time.

It may take time before money is returned to those affected by the attack

Boleto users were tricked into clicking malicious links sent via email as part of phishing ploys. These links were delivered to several thousand consumers that make use of Boleto somewhat regularly. The attack may affect people’s trust in the platform and in mobile commerce in general. Those affected by the attack may have their money returned, but it could take a significant amount of time for the issue to be adequately resolved.

Mobile commerce security is again thrust into the limelight

Mobile commerce security is an important matter that has yet to see any significant attention from consumers. Platforms like Boleto take steps to ensure the security of the financial information that they are responsible for, but few consumers take the time to ensure that they are adequately protected. Without taking steps to protect themselves, consumers could be exposed to inordinate risks to their financial information. High profile attacks, such as those that have recently targeted prominent mobile platforms and retailers, may be enough to encourage consumers to take security more seriously.