Sure, having your cell phone contain all of your life’s tools is convenient. But the idea of storing credit cards on it via the likes of Google Wallet has always seemed a bit sketchy, especially when you consider how easy it is to lose a phone. Even with all of the security features… which can be circumvented rather easily.
Joshua Rubin of ZveloBlog devised Google Wallet Cracker, a program that simply finds the file on a phone that hides the PIN for unlocking Wallet. It requires a rooted Android phone to work , but the ease of its execution, as seen in the video above, is pretty damn impressive.
[via Tech Crunch]
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James Stein February 13th, 2012 at 05:47 PM
I love the concept behind Google Wallet (http://www.google.com/wallet), because I believe that digital wallets, just like their physical equivalents, should allow their users to store in them all of the payment instruments they may want, including credit and debit cards issued by different banks and displaying different brand logos. And Google is doing precisely that. However, data security is much more important than either user-friendliness or convenience. In fact, your service should not be offered to consumers until you can guarantee that your system can protect their personal information. And that is clearly not the case with Google. Moreover, hacking Google Wallet is reported to be a "trivial" exercise, which makes me wonder whether Google even cares all that much about protecting its customers' information. I can only hope they will prove that they do. http://blog.unibulmerchantservices.com/app-cracks-your-google-wallet-pin-in-seconds