Tag: SMS

BusinessSoftwareTechnology

UK Regulator Grants Apple and Google Strategic Market Status for Mobile Ecosystems

The UK’s Competition and Markets Authority has officially designated both Apple and Google with strategic market status for their mobile platforms. This landmark decision gives regulators extensive powers to oversee how the tech giants operate their app stores and mobile ecosystems.

Regulatory Designation and Oversight Powers

The UK’s Competition and Markets Authority (CMA) has officially designated both Apple and Google with “strategic market status” (SMS) for their mobile platforms, according to reports from the regulatory body. This new legal classification under the UK’s Digital Markets, Competition and Consumers Act 2024 grants the watchdog far-reaching authority to regulate how the technology companies operate their mobile ecosystems and app stores.

by Tyler Brooks P.E
BusinessSoftwareTechnology

UK Regulators Target Apple’s App Store Dominance with New Market Status

British regulators have confirmed Apple holds strategic market status for its mobile platforms, enabling potential interventions that could mandate third-party app stores. The move follows similar actions in the EU and could significantly reshape Apple’s UK operations.

Regulatory Designation Confirmed

The United Kingdom’s Competition and Markets Authority (CMA) has officially designated Apple with strategic market status for its iOS and iPadOS platforms, according to reports. This classification grants regulators enhanced powers to impose binding requirements that could fundamentally alter how Apple operates its App Store ecosystem in the UK market.

by Megan Carter
Banking ServicesCybersecurity

Global Banking Scams Surge 65% as SMS Phishing Explodes Tenfold

Banking scams have increased dramatically worldwide, with SMS-based phishing attacks growing by a factor of ten according to new data. The comprehensive report from BioCatch shows organized criminal operations driving a global fraud epidemic affecting millions of consumers across five continents.

Global Banking Scams Reach Crisis Levels

Financial institutions worldwide are facing an unprecedented surge in financial crime, with new data revealing banking scams have increased by 65% globally over the past year. According to reports from behavioral biometrics company BioCatch, the dramatic escalation affects nearly 350 million consumers across five continents and shows no signs of slowing.

by Megan Carter