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That loyalty app might know a lot about you and how you spend your money.
Using an loyalty app that could save you a few dollars at your favorite restaurant or clothing store might seem harmless. That's exactly what hackers are counting on, according to report Saturday from The New York Times.
Dollars - Year - Loyalty - Crime - Security
One billion dollars is lost each year to online loyalty program-related crime, one security group estimated, according to the Times. In addition, such crimes doubled from 2017 to 2018, according to Javelin Strategy and Research firm.
Kevin Lee, a risk expert for the digital security firm Sift, told the Times that loyalty program apps are "almost a honey pot for hackers" and provide "the path of least resistance" to personal information. Lee said the loyalty programs are easy to sign up for, the passwords are weak and aren't always used frequently.
Report - Loyalty - Programs - Information - Food
According to the report, loyalty programs can reveal valuable personal information like your favorite food or flavor, shopping locations, when you're hungry or thirsty, how you pay for items and billing details and contact...
(Excerpt) Read more at: CNET
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