As previously covered, your Google Wallet PIN can now be compromised on any device – rooted or not. Wallet Cracker, an application developed by Zvelo, can easily unveil your four digit PIN protecting your entire digital wallet. It’s a good thing this security firm found the vulnerabilities before a malicious hacker took advantage of them.
Google has now disabled use of prepaid cards to prevent unauthorized use incase your phone falls into the wrong hands. But doesn’t this mean debit cards are at risk as well? Fortunately, they are all safe for now – but that’s just until someone can manage to expose them too.
- viaForensics claims Google Wallet has security issues on Dec 13th 2011
- Google Wallet PIN can be compromised on rooted Android devices on Feb 8th 2012
- Google responds to Wallet root vulnerability: don't use Google Wallet on Feb 9th 2012
- Surprise: you don't need root to break into Google Wallet after all on Feb 9th 2012
Until Google can patch this, you can count on people’s trust in the application to slowly deplete. Google also provides “toll-free assistance in case you lose your phone or someone manages to make an unauthorized transaction”. But I’m sure Google doesn’t want to deal with many angry customers everyday; and based on their quick reply to Google Wallet’s vulnerability, we already know they’re taking it seriously.