Tuesday, July 26, 2011

Mobile Banking NOT Secure says InfoSecurity Expert

Editor's Note:  Mobile Banking,  Mobile Payments, Mobile "Anything" leaves your sensitive information open to the bad guys...
Breaking news from ihotdesk, IT Security Solutions in London Posted by Louise Tate:  


According to a post today on iHotDesk.com, MWR InfoSecurity's Alex Fidgen claims that Smartphone owners should avoid using mobile banking in order to protect their personal information.
Sqwizz Plugs into your smartphone and over-rides insecurity
According to Alex Fidgen of MWR InfoSecurity, the race to produce new devices had led to manufacturers placing security low on their list of priorities, meaning it can be easy for cybercriminals to hack into them, particularly when sharing a local WiFi connection. The expert told the Guardian and those seeking managed services in London that the mobile phone industry is "not fit for purpose".  "The evidence is irrefutable. You cannot be assured of security with modern smartphones. As soon as the handset is compromised, then any data is up for grabs," Mr Fidgen told the newspaper.
Having long-ago realized the vulnerability of smartphones, NFC Data, Inc. introduced Sqwizz, an NFC reader, writer and viewer which which plugs into any smartphone and overrides it's insecurity...and empowering it with encrypted security.

Sqwizz multi-authenticates the user with a biometric finger scanner, which then activates a tamper-proof 3DES DUKPT encrypted PIN Pad...empowering and enabling your Smartphone to be "fit for purpose".  



Request more info: sqwizz@ePINDebit.com


















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