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Potential Samsung pay exploit could get your money stolen

  • Jaya Besteman-Goold
  • Aug 11, 2016
  • 1 min read

So many people have started paying with new NFC paying methods, like Samsung Pay or Apple pay or even Android Pay, but now a recent exploit in Samsung pay has been found and people are worried. But why?

According to this recent exploit, hackers could steal your credit card details through Samsung pay. The exploit was found by Salvador Mendoza who explains that Samsung Pay uses a tokens system and the fact that these tokens can be produced too slowly.

As far as known, this token-scamming system hasn't been used yet and I hope that Samsung fixes this problem as soon as possible.

Samsung has issued a press conference against this and they have said that this skimming method can, in fact, be used to steal money. I hope Samsung has got this under control.

Do you think the same? Do you use any mobile paying system? Let us know in the comments down below and make sure to connect with us on social media! Also make sure to enter our smart watch giveaway which is coming to an end.

Source: | Android Authority |

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Image Credit: | play.google |

 
 
 

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