Training reps and crypto theft in this week’s top mobile ID stories

This week’s roundup of top stories from Mobile ID World highlights the importance of strong cybersecurity. We also take a look at the store of the future and the latest wearable fitness innovations.

Our biggest story comes from Cambodia, where e-wallet and mobile payments platform U-Pay is turning to IPification to improve account security. U-Pay will use IPification’s phone verification service to override SMS access codes and ensure customers are using their own handsets when trying to open an account.

U-Pay secures digital wallet with IPification

Crypto.com suffered an embarrassing blow when hackers stole over $30 million worth of BitCoin, Ethereum, and various other cryptocurrencies from the platform. Hackers have somehow managed to circumvent Crypto.com’s 2FA requirement, a fact that shows why 2FA is so important, and should remind platform operators to ensure their security systems are properly implemented.

Crypto.com Says Hackers Overcame 2FA Hurdle in $30M Heist

Train Fitness has released a new app for the Apple Watch that analyzes wrist movements to count individual reps for common weight-based exercises like curls and push-ups. The app goes beyond basic step counters and cardio trackers to give athletes a more nuanced understanding of their training progress.

The new Apple Watch app can track your reps at the gym

Ryan Reynolds, Scarlett Johansson, and Robert Downey, Jr. were among the A-listers who contributed $620 million in Series C funding for 1Passoword. The login specialist is now valued at $6.8 billion and its recent success demonstrates the demand for more secure authentication options. The company’s platform supports biometric modalities such as facial and fingerprint recognition in addition to more traditional passwords.

Star-studded Series C takes 1Password’s valuation to $6.8 billion

Finally, VSBLTY and Intel are collaborating on a new Store as a Medium project that encourages retailers to use modern technologies and data analytics to build stronger relationships with their customers. The project includes a white paper and a metaverse app, and notes that better data can help companies refine their retail strategies.

“Store as a Medium” app explores the future of retail in the metaverse

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Stay tuned to Mobile ID World for the latest digital identity news. You can also visit our sister site FindBiometrics to learn more about the world of biometrics.