Google Wallet moves to close security loophole

Sat Feb 11, 2012 11:01pm IST

An attendee takes a photo of the Google wallet application screen during a news conference unveiling the mobile payment system in New York May 26, 2011. REUTERS/Shannon Stapleton/Files

An attendee takes a photo of the Google wallet application screen during a news conference unveiling the mobile payment system in New York May 26, 2011.

Credit: Reuters/Shannon Stapleton/Files

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

ANTI-TRUST PROBE

Reuters Showcase

New iPhone

New iPhone

New Apple iPhone to have "mobile wallet" function - Bloomberg  Full Article 

Wearable Gadgets

Wearable Gadgets

Swatch prefers go-it-alone route for smartwatch plans.  Full Article 

Google Drones

Google Drones

Google tests drones for deliveries.  Video 

Hot Commodity

Hot Commodity

Data scientists are increasingly becoming important to the world's tech companies.  Video 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage