By Sara Peters/ Posted on 9/11/2014
Apple's new contactless payment tech will not stop point-of-sale breaches like Home Depot and UPS, but it could make those breaches less valuable to attackers.
Yesterday, Apple announced, to much fanfare, details on its upcoming iPhone 6 and Apple Watch, including that the new devices will be equipped with Apple Pay -- a contactless mobile payment scheme that allows users to make purchases at points of sale with their phones and, more importantly, never communicates their credit card data to the retailer.
Apple Pay will not prevent malware attacks on point-of-sale terminals. It won't stop Backoff from breaching UPS or BlackPOS from breaching Home Depot. What it will do is make the data on those PoS terminals less valuable to attackers.
It also shifts most of the responsibility for payment security off of retailers themselves, and onto Apple.
DarkReading/ full article here/ http://www.darkreading.com/apple-pay-ups-payment-security-but-pos-threats-remain/d/d-id/1315608?
Login to the community
No account yet? Create an account
Enter your username or e-mail address. We'll send you an e-mail with instructions to reset your password.