Payments Dive
- A trio of academic researchers want their study of digital wallet security to inspire companies like Apple and Google to make their products safer.
- Two cyber-security experts from the University of Massachusetts Amherst — Raja Hasnain Anwar and Muhammad Taqi Raza — and a third from Penn State — Syed Rafiul Hussain — released a study in mid-August that found shortcomings in the authentication process for digital wallets.
- If a bad actor steals a consumer’s credit card information and adds it to their own digital wallet, that bad actor can still use it after the consumer cancels or locks the card, the researchers found.
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