The story below provides the reasoning behind why NFC Data designed, developed, patented and is releasing to the market, a secure NFC enabled device (reader/writer and viewer.) Utilizing biometrics, along with an encrypted PIN Pad (hard-wired to the CPU) the SDK slot allows for unlimited expansion which means that Sqwizz can store "unlimited" cards and PINs for anytime use.
Are mobile wallets secure enough to stop cybercriminals?
03 June 2011 - InfoSecurity.com
Pan-European cellular giant Telefonica O2 has this week announced plans to launch a mobile wallet system using NFC (near field communications) technology, but a number of pundits are saying that, whilst the NFC technology is secure, mobile handsets are not... read more
According to Ira Winkler, president of the Internet Security Advisors Group, NFC payments are a disaster waiting to happen. Any sort of financial transaction, he argues, requires much more than minimal security. When you get down to it, he says, NFC-driven systems on mobile phones are reliant on insecure platforms, namely the mobile phone. "Until there are significant improvements in the underlying security of smartphones and tablets, it would be foolish to use these technologies", he says in his latest security blog.
