Loading ...First things first, for those of you who are not aware of what exactly Google Wallet is, it is a mobile payment system developed by Google. Users can store their credit cards, loyalty cards and gift cards details, among other things in this app. As claimed by its maker Google, with Google Wallet installed on smartphones, users can make secure transactions, quickly and conveniently. However, since its launch just a few days back, security companies have been on red alert, mainly because of the OS platform on which Google Wallet runs.
As noted by computer security company Trend Micro, owing to its popularity and widespread use, the Android platform has come under increasing attack since last year or so. And with Google Wallet finding its home in Android, in all possibility, Google Wallet will entice cyber criminals.
As quoted by Trend Micro in its blog post “They don’t target platforms just because it’s fun, but because there’s money involved… and there is now. We’ve been seeing the Android platform under increasing attack for about a year and this news will only accelerate that trend. This puts us, antivirus vendors, in red alert mode for new attacks on Android. At the end of the day, we want to protect you. And your wallet.”
Trend Micro, however, assured the prospective users of Google Wallet that since money is directly involved with this app, Google must have covered up any loose ends if any with it. The company also advised the users of Google Wallet to regularly check their bank statements.
To use Google Wallet, all you need to do is to place your mobile phone adjacent to the payment receiving terminal and key in your pin to make the payment. Though it may sound interesting and convenient, yet when money is involved and with cyber criminals always on the prowl, it is natural for one to think twice before opting for Google Wallet. Therefore, the warning by Trend Micro is worth noting.
