Google Wallet Security Flaws Affecting Users, Rooted or Not (Updated)

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Google Wallet Security Flaws Affecting Users, Rooted or Not

Thinking about dumping your wallet and credit cards for Google Wallet on your phone? You might want to wait til Google gets the security issues fixed first.

This week 2 different vulnerabilities were discovered, one affecting rooted users only (http://thesmartphonechamp.com/security-flaw-found-in-google-wallet/) and another affects all users, even if their phones are not rooted (http://thesmartphonechamp.com/second-major-security-flaw-found-in-google-wallet-rooted-or-not-no-one-is-safe-video/).

Google has disabled the prepaid card provisioning in the Google Wallet app until it finds a permanent fix. It also advises against rooting your device because not only a rooted device is by definitely not as safe as an un-rooted one, but also “because [Google Wallet] is not supported on rooted phones.”

Updated February 15, 2012:
According to CNET, Google has patched the security holes and restored the ability to use prepaid card

After not one but two security vulnerabilities being exposed in as many days in Google Wallet, Google has announced that they have temporarily disabled prepaid card provisioning in the Google Wallet a…