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Security firm finds flaws in Google Wallet

July 14, 2012

Security experts recently found a major flaw in Google’s mobile payment system when it was able to find out personal information by using a mobile app.

Security experts recently found a major flaw in Google’s mobile payment system when it was able to find out personal information by using a mobile app.

In a post on its blog, Zvelo released a video that showed a person hacking a Google Wallet platform and finding out data based on a weak security system. The technology firm said that it told the California-based company about the flaws it had found to bring attention to the issue.

“The Zvelo study was conducted on their own phone on which they disabled the security mechanisms that protect Google Wallet by rooting the device,” Google said in a statement. “To date, there is no known vulnerability that enables someone to take a consumer phone and gain root access while preserving any Wallet information such as the PIN.”

As the popularity of mobile payments increases, security will need to be a top priority. According to a study from Juniper Research, 25 percent of smartphone users will purchase items through mobile devices by 2017.

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