SECURITY FIRM SAYS GOOGLE WALLET NOT SECURE

Security firm ViaForensics recently said Google Wallet does not properly protect personal data, including credit card balance information, on a rooted Nexus S smartphone. Google Wallet is an NFC-based mobile payment system for Android that is accepted by a number of retailers in the United States. It is currently only officially available on the Nexus S and Nexus S 4G. “While Google Wallet does a decent job securing your full credit cards numbers, the amount of data that Google Wallet stores unencrypted on the device is significant,” ViaForensics said in a recent report. “Many consumers would not find it acceptable if people knew their credit card balance or limits.”