Two recent reports have put the security of Google’s mobile wallet platform back into question.
On the one hand, Australia’s Commonwealth Bank is claiming that Google Wallet-powered Android smartphones are being delivered without the so-called secure element being enabled, American Banker says. The secure element is needed to safely process transactions over NFC.
Elsewhere, employees at McAfee have said the Google Wallet platform is vulnerable to a specific type of fraud called “fuzzing,” whereby criminals send corrupt data to the NFC-enabled device in search of security vulnerabilities.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More