Weaknesses in the tap-and-go transport feature on iPhones and Samsung devices can be abused to drain bank accounts of thousands of dollars.
Perhaps it was unwise to give up control of my iPhone to Timur Yunosov, a Russian cybersecurity researcher who has developed a penchant for exploiting vulnerabilities in payment devices. In a matter of minutes of handing it to him, Yunosov was draining my already empty bank account, taking it into an overdraft, by just tapping the locked device onto a terminal.
A Russian cybersecurity researcher is warning about an Apple Pay and Samsung Pay hacks that have been open for months and could let robbers drain people’s wallets.But Yunosov wasn’t just showing what could be done on an Apple device, he also showedan attack on a Samsung phone. Though a little more complex, with a stolen Samsung using the tap-and-go feature, he could take it home and drain it of funds without needing to unlock it.
There are some obvious caveats. The hacks only work if the attacker has physical access to the phone. And, as MasterCard and Google have made some steps to address the problems, the hacks only work where Visa cards are the default for mobile transport payments, says Yunosov.Samsung hadn’t provided comment at the time of publication. Collectively, Apple and the credit card companies don’t believe there’s much of a threat posed by these attacks in the real world.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mobile Payments Systems: How Close Is the Death of Physical Banking? | HackerNoonIs online banking causing the death of phsyical banking? 5 top implications of online banking app and digital cards
Read more »
Dating App Grindr Removed From Apple’s App Store In ChinaThe move that is likely part of the country’s broader crackdown on what it deems illegal online content just days before it is set to host the 2022 Winter Olympics
Read more »
Samsung and Apple's rollercoaster year in Europe nearly ended in a drawSamsung managed to edge out Apple in Q4 2021 European smartphone sales, winning the full-year crown as well while reporting smaller overall growth than the competition.
Read more »
Gee, I wonder how Apple Podcasts suddenly became a five-star appSpoiler: Apple lets them rate podcasts instead of the player.
Read more »
Solana Pay Launches Into Crowded Digital Payments SpaceSolana has launched a Solana Pay service as it tries to compete with the big boys in the realm of payment apps, but is the network up to the task?
Read more »
Elon Musk asked for cash to end 'security risk' Twitter bot | Digital TrendsA teen who built a Twitter bot that provides updates on the movements of Elon Musk’s private jet says he’ll delete the account if the billionaire pays him $50K.
Read more »