Google defends safety and security of Google Wallet...


A few days ago, researchers at the security firm Zvelo found out that the PIN numbers for the Google Wallet mobile payment service could be discovered via a brute force method. However, this will only work on Android-based devices that have been rooted. Today, Google put up a post on its Google Commerce  blog to defend the overall safety and security of Google Wallet.
Google's statement starts with its viewpoint that Google Wallet has a number of advantages compared to normal credit or debit cards. At the same time, it does admit that rooted Android devices can disable the system's security features. It adds that the company does "strongly discourage" using Google Wallet on rooted phones. In fact, a person who roots a phone with that feature could end up having all of their Google Wallet data wiped from that Android device.
Google also claims that it takes "concrete action" if it does discover a flaw in Google Wallet. It states:
For example, to address an issue that could have allowed unauthorized use of an existing prepaid card balance if someone recovered a lost phone without a screen lock, tonight we temporarily disabled provisioning of prepaid cards. We took this step as a precaution until we issue a permanent fix soon.
Overall, Google is seeking to reassure users of Google Wallet that their money is safe with its system. It states, " ... you can be confident that the digital wallet you carry provides defenses that plastic and leather simply don’t."

Comments

Post a Comment

Popular posts from this blog

Managing Your Online Persona, Part I

by Brandon Giles (republished from his personal blog ) Why Care? It is becoming more important than ever to actively manage your persona on the internet, particularly if you operate in the fields of entrepreneurship, venture capital or marketing. In general, persona management is more crucial in industries where your value and success depends on personal human capital and others perception of that value. However, digital footprints have a material impact on everyone. Beginning back in 2007, an ExecuNet survey  found that 83% of recruiters already used internet searches to evaluate job candidates, with 43% of recruiters eliminating candidates because of what they found. “How-to” Guide As an aspiring entrepreneur I sought to learn more about the tools, platforms and best practices before busting out onto the Blogging scene. I heard from nearly every guest in my Launching Tech Ventures entrepreneurship course at the Harvard Business School (#hbsltv) that blogging was critical to establish
Read more

TCS IT Wiz 2013 Bhubaneswar Prelims

Image
1.What is the online meeting, desktop sharing, and video conferencing sotware from Citrix called? 2.Identify the person associated with this who is the founder of Intel 3.It is often used as a measure of computer operating system reliability or stability.It measures the time of a machine, typically a computer, has been working and available.Which term ? 4.In the context of disaster recovery,what is th maximum tolerable length of time that a computer, system, network, or application can be down after a failure or disaster occurs? 5.Identify the company 6.Lenovo, Paypal and few other companies have launched this alliance with the goal of revolutionizing online authentication with an industry-supported,standards-based open protocol that not only makes users more secure but is also easy and convenient to use.What is it ? 7.Web OS, is a mobile operating system that was earlier owned by HP.It has been acquired by which company now ? 8.Identify this logo 9.What is the action of recording the
Read more

Interroger Prelims

Image
                                            The quiz was conducted by IIIT Bhubaneswar as a part of their inter-college fest ' Advaita ' . Puzzle Set 1. I am a close relative of Newton, you see. Not directly though, but the people working with him later worked with me. I share my name with an Italian airplane “Partenavia ”. I started a revolution and opened up a new segment in the market (mostly in the Chinese KIRF market). I also helped shape a close relative of violet. Who am I ? 2. I have no bridge now but my forefathers had, for some reason. Perhaps the devastation caused by last year’s hurricane made them think otherwise. I am a member of the family which runs pretty much everything around you, including your browser, your mouse, keyboard, display etc. I am made by the people who integrate things with electrons (literally). Who am I? 3. I share half my name with a perfume. I started with a software for the news people. Now I think about space, eco-friendly technology, s
Read more