Google Wallet moves to close security loophole
REUTERS - Google Inc has temporarily disabled provisioning of prepaid cards for its Google Wallet mobile payment platform following security concerns that arose this week, the company said late on Friday.
The action was in response to a flaw uncovered by Colorado-based security firm zvelo that could allow unauthorized access to a user's prepaid funds if a stolen or found mobile phone did not have a screen lock enabled, Osama Bedier, vice president of Google Wallet and Payments, said in a blog post.
Google had said earlier on Friday that it was "working to resolve the issue," but offered no further details at that time.
Google strongly discouraged users of the digital wallet from disabling security mechanisms such as password-protected screen locks or from "rooting" their mobile phones to unlock software restrictions on the devices.
Although Google Wallet is automatically wiped from "rooted" phones in most cases, the company elected to take further action.
"Tonight we temporarily disabled provisioning of prepaid cards. We took this step as a precaution until we issue a permanent fix soon," Bedier said.
The Google Wallet platform is available in phones sold by Sprint Nextel Corp (S.N).
(Reporting by Karl Plume in Chicago; editing by Mohammad Zargham)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
The main engine of Microsoft Corp's historic earnings power - selling Windows and Office to big businesses - is showing signs of waning, and investors are concerned that the shift to the cloud is not making up for the shortfall. Full Article