An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
Some of Our Sources
- BoingBoing
- TutsPlus - Code
- Joshua Blankenship
- Smashing Apps
- Noupe
- CSS Globe
- Freelance Switch
- Android Headlines
- Daily Now
- TechPowerUp
Help Webnuz
Referal links:
March 10, 2011 02:46 am GMT
Early this morning, VeriFone CEO Doug Bergeron wrote an "open letter" to the financial industry. In it, he decries Square and their little smartphone-credit-card-reader-that-could, calling for its recall. His reasoning? The Square dongle is easily available and it handles data passed between the dongle and whatever device it's plugged into without encryption (though everything transmitted over the network is heavily encrypted), making it too easy for criminals to "skim" (read: steal) credit card information. They even built a phony Square app to prove it.Of course, the letter barely (and even then, indirectly) touches on the fact that VeriFone has their own, competing smartphone credit card reading system, giving them a bit more skin in the game than the whole white-knight approach might let on. Toss in the fact that these "flaws" are by no means exclusive to Square, and the whole thing reeks of mudslinging and desperation.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yQVAIIZKZfo/
Don't Believe The FUD: Square Is Only As Insecure As You Let It Be
Early this morning, VeriFone CEO Doug Bergeron wrote an "open letter" to the financial industry. In it, he decries Square and their little smartphone-credit-card-reader-that-could, calling for its recall. His reasoning? The Square dongle is easily available and it handles data passed between the dongle and whatever device it's plugged into without encryption (though everything transmitted over the network is heavily encrypted), making it too easy for criminals to "skim" (read: steal) credit card information. They even built a phony Square app to prove it.Of course, the letter barely (and even then, indirectly) touches on the fact that VeriFone has their own, competing smartphone credit card reading system, giving them a bit more skin in the game than the whole white-knight approach might let on. Toss in the fact that these "flaws" are by no means exclusive to Square, and the whole thing reeks of mudslinging and desperation.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yQVAIIZKZfo/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch