Gemalto, confirmed that it now has “reasonable grounds” to believe that the NSA and GCHQ did indeed hack its network in 2010-2011. Gemalto noted however that even if encryption keys had been stolen, the spy agencies involved would only have picked up the ability to spy on generation 2G mobile networks. Why is all this relevant to FinTech? Gemalto provide a number of services that are key to mobile payments providers.