Keith I Myers – 2016-08-08 09:35:09-0400 – Updated: 2016-08-08 09:35:09-0400This really should not surprise anyone as Samsung Pay is essentially taking an advantage of a massive security flaw in credit cards (the Magnetic Strip). Of course this article is talking about NFC based tokens (which are much more secure) – Samsung Pay’s ability to simulate a credit card swipe is really the weakness I am concerned about as this essentially transmits credit card data in plain text and there is no way to limit the transition to one device – a credit card skimmer placed near the main credit card terminal could capture any card transmitted with MST.Originally shared by PhandroidSamsung Pay is not as secure as you would think
Samsung Pay vulnerability allows hackers to steal credit cards wirelessly
Shared with: Public+1’d by: Jaromír ŠírGlen Foster – 2016-08-08 09:39:56-0400I heard about this a year or so ago. It wasn’t the reason I didn’t go with Samsung pay at the time. I had an Galaxy S4 that didn’t support Samsung pay and now with the LGV10 that’s a non issue.