Mobile shopping received a setback last week when security researchers discovered flaws in Google Wallet that could potentially expose its PIN to enterprising hackers. When Google introduced its wallet, it bragged that it was secure because transaction information was stored in a “secure element” in Wallet-enabled phones. What researchers at a security outfit called zVelo discovered, though, was that the PIN for the wallet was stored outside the “secure element” where it could be cracked with a brute force attack.
Loading ...
Cracking Open Google Wallet
Posted by: John P. Mello Jr. February 13, 2012 06:00 AMMobile shopping received a setback last week when security researchers discovered flaws in Google Wallet that could potentially expose its PIN to enterprising hackers. When Google introduced its wallet, it bragged that it was secure because transaction information was stored in a “secure element” in Wallet-enabled phones. What researchers at a security outfit called zVelo discovered, though, was that the PIN for the wallet was stored outside the “secure element” where it could be cracked with a brute force attack.