Friday, August 5, 2011

WSJ: Stealing Money With Square

I thought this article from WSJ was going to be about the $100 million Square got from Kleiner Perkins but it's about the inherent security flaw in the hardware device that Visa-backed Square released onto the market.

Looks like Verifone, who was smashed in the mouth by the JDL was right about Square...right from  the beginning.

Stealing Money With Square

Wall Street Journal (blog) - Jennifer Valentino-DeVries - ‎36 minutes ago‎
Laurie and Franken discussed the vulnerability as part of a talk at Black Hat, the annual security conference in Las Vegas. They said the problem with Square is just the latest example of how credit-card technology is vulnerable.

Black HatSquare Credit-Card Reader Hacked!
PC Magazine - Neil J. Rubenking - ‎14 hours ago‎
In a small press preview at the Black Hat conference they demonstrated that playing the credit card sound has the same effect as scanning the card with the Square reader. The researchers notified Square in February; Square responded that they see no ...
iPad Credit Card Reader Hacked As Skimmer
InformationWeek - Mathew J. Schwartz - ‎29 minutes ago‎
But speaking on Thursday at Black Hat, a UBM TechWeb event in Las Vegas, security researchers from Aperture Labs in England demonstrated a hack that criminals could use to convert skimmed cards into cash, via Square. "We were sitting in an airport ...

Researchers Discover How to Steal Credit Card Data Using Square
Mashable - Erica Swallow - ‎4 hours ago‎
Researchers attending the Black Hat security conference on Thursday demonstrated two ways in which Square — a mobile gadget that enables Android, iPhone, iPad, and iPod touch users to accept credit card payments — can be hacked to steal credit card ...


Mobile payment system Square can be hacked, claims researchers
The Sociable - Darren McCarra - ‎3 hours ago‎
Two researchers attending the Black Hat security conference yesterday in Las Vegas have demonstrated a simple hacking technique that could allow unscrupulous individuals to purchase items using the mobile payment system Square and stolen credit card ...

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