Category: Mobile Security

A new opportunity for attackers to gain access to smartphone apps from these networks has been discovered.

This week, mobile security experts demonstrated an example of the discovery that was recently made that allows a very simple attack to be made which exploits a code vulnerability in Apple iOS applications.

This vulnerability gives attackers the ability to persistently alter server URLs from which the data is loaded to the apps.

This means that the attacker will be able to change the URL from which the iOS application is loading its data, presenting a massive mobile security threat. This is particularly unpleasant as the victim will not know when it is happening nor that it has occurred. It means that the attacker could invisibly use the data to be able to load malicious links or to insert false news regarding market movements into a news application.

The makers of the applications were not notified of the mobile security threat ahead of the announcement to the public.

The mobile security threat was identified by Skycure and it has, in the past, already notified app makers of this type of threat’s existence. Typically, the developers are provided with this knowledge ahead of the public announcement. However, in this circumstance, they stated that it was not possible for them to wait to notify developers before making this information public. They felt that because the vulnerability was present in hundreds of different apps – including stock management applications – it was important for people to be notified as soon as possible, without waiting to tell the app makers, first.

Skycure, a mobile security expert firm, declined to provide the names of the specific apps that were tested positive for the threat. The reason was that they didn’t want to provide this information to potential attackers who could exploit this knowledge before a solution to the issue could be found. The company’s chief technology officer, Yair Amit, said that “The vulnerability affects so many apps that it’s virtually impossible to alert app makers.” The researchers from the company also assembled a short video to demonstrate how an app could be manipulated by an attacker.

October 29, 2013, Shelton, CT- NXT-ID, Inc, (NXTD: OTCQB) a biometrics company focused on the growing m-commerce market and its wholly owned subsidiary, 3D-ID, LLC, today announced an agreement with Indian/U.S.technology company, Voice of Big data (VOBD), to distribute its patented 3DFaceMatch™ biometric facial recognition identification systems in India.

3D FaceMatch™ will be added to Voice of Big data’s current Facial Signature product line as part of its security and intelligence division. The technology will be targeted to retail markets, law enforcement, airports, government agencies, public and private organizations, product development centers and offshore development centers. 

Voice of Big data reported to fytimes.com in August that it will be the first company in India to launch 3D facial recognition technology in India. 

It was recently chosen as one of the top 10 promising technology startups in India by Nasscom’s Emerge; (ET Times October 25th). The fast growing company has 65 employees comprising 20 data scientists and anticipates hiring 80 more by the end of the year. 

Mr. Gino Pereira, Chief Executive Officer of NXT-ID, Inc said, “Clearly, this is another milestone in our history as we continue to make solid progress as we implement our growth strategy. We are delighted to be partnering with VOBD in such an exciting developing market. India is at the forefront of the biometric revolution and with our combined expertise in 3D facial recognition and the ability to analyze large amounts of data very quickly I believe we can contribute substantially to biometric adoption here.”  

“Srinivas Kishan Anapu, CEO of VOBD, reiterated that the partnership with NXT-ID is a major strategic milestone for Voice of Big Data in the R&D space and for implementation of facial recognition solutions across industries globally. Additionally we see a huge value addition to our customers especially in India.” 

3D FaceMatch™ facial imaging solutions provide government, law enforcement and security agencies with fast, precise, automated and low-cost solutions for biometrically-accurate imaging of human faces in three dimensions. By acquiring the shape of a subject’s face, together with a perfectly registered image, FaceMatch technology enables dramatic performance enhancements in human identification systems ranging from manual photo ID verification to automated facial recognition.

The global facial recognition market is estimated to grow from $1.92 billion in 2013 to $6.5 billion in 2018 according to a report earlier this year from http://www.marketsandmarkets.com/. Analysts forecast the biometrics market in India to cross USD 2 Billion revenues by 2018. 

About Voice of Big data (VOBD)

Voice of Big data (VOBD) has its offices spread across US, UK, Australia and India. The company is incorporated with focus to provide sustainable BI solutions to clients. We have a highly dedicated team that constantly researches the trends in Bigdata, providing the most optimized solutions to the clients in BI space. At VOBD, Over 70% of Analytics is performed against Structured & Unstructured data. VOBD has invested in focused groups around tools & frameworks to provide client value-adds. This experience has helped VOBD build robust CoEs and reusable Frameworks for its customers. VOBD currently comprises of a Full time team of professionals from all domains and technologies related to Big data, BI and Analytics. VOBD has expertise across BFS, Insurance, Media, Manufacturing, Retail, Technology, Healthcare, Life Sciences and Utilities domains. http://voiceofbigdata.com 

About NXT- ID Inc. – Mobile Security for a Mobile World

NXT-ID, Inc.’s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers’ mobile platforms. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

Forward-Looking Statements for NXT-ID

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward- looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company’s ability to implement its long range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission. 

Contact: 

Corporate info: [email protected] 

Investor Inquiries:

Kirin Smith

ProActive Capital Group

Direct: 646 863 6519

[email protected]