Today's Tech: Online fraud up 300%, great value Orange data package, study shows we text more than call, O2 offers compensation

Once again we’ve been told our passwords just aren’t good enough. A new study has found that online fraud has risen by an incredible 300 per cent over the last two years and hackers are having an easy time of it as we recycle old passwords and fail to close accounts we no longer use. Read on to see how people are being targeted by identity theft and what you can do to protect yourself.

This morning we brought news of eBay’s acquisition of credit card tech start-up card.io as it seeks to enhance its PayPal service. Card.io uses smartphone cameras to scan credit cards and touts a “fast, simple, delightful” experience for both users and developers. Check out the full article for all the details.

Dipping into the mobile world and Orange is offering a rather generous data package for students and teens. The U24 (under 24) deal includes 50 minutes, unlimited texts, a complimentary add-on, and 250MB of data on the Nokia Lumia 610 or the Orange San Francisco 2. Quite a deal and one that could well spur other network providers into offering similar contracts, so watch this space.

Targeting this demographic in the mobile market appears particularly shrewd given today’s findings that the younger generation are the driving force behind a landmark shift from calling to texting. Ofcom’s findings may not come as a great surprise, but it is the first time the volume of texts recorded has outnumbered the calls in the organisation’s annual marketplace survey.

Finally, we have a twist in the tale of O2 and its outage crisis that left hundreds of thousands of customers unable to use their phones last week. To make up for the embarrassing episode, the company is offering 10 per cent discounts on a range of its top-ups and services but how much money will that really save? Good gesture or token gesture? You tell us in the comments section below.