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Prepaid Cards Are Safe Again as Google Plugs One of Wallet's Security Holes

Illustration for article titled Prepaid Cards Are Safe Again as Google Plugs One of Wallets Security Holes

Google Wallet's no-hacking-required hack from last week has reportedly been resolved. Now the only person you can blame for being broke is yourself.

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According to Google, the company has closed the security hole that could have potentially allowed thieves to access the balance on your existing prepaid Wallet card by resetting the app and generating a new PIN. Per the official Wallet blog,

Yesterday afternoon, we restored the ability to issue new prepaid cards to the Wallet. In addition, we issued a fix that prevents an existing prepaid card from being re-provisioned to another user. While we're not aware of any abuse of prepaid cards or the Wallet PIN resulting from these recent reports, we took this step as a precaution to ensure the security of our Wallet customers. If you are unable to access your previous prepaid card balance for any reason, please contact our toll-free support for assistance.

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There's still no word on a fix for the other recently-discovered exploit, though that one seems a slightly less imminent threat given that it requires physical possession of your phone, a fair amount of hacking knowledge, and a few days of free time. [Google Commerce]

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DISCUSSION

i have to say, this will only get worst as more devices with NFC come to the market...nothing is never really secure, so what will happen then? maybe google should guarantee all accounts with their own money...like credit cards do...fixing a hole is not going to work, if there are others...and some we may not even know about.