During the recent Defcon hacking conference, held last week in Paris, a hacker demonstrated how he could make fraudulent payments through Samsung Pay. Samsung says it knew of this and considers it an acceptable risk. It claims the method is almost too difficult to pull off, and no different than fraud methods we see today with credit cards. Before letting you decide if new payment systems should have the same flaws as the old ones, let’s dive into what the method really is. According to the hacker, Salvador Mendoza, an attacker could intercept Samsung Pay tokens (codes generated by the… [Continue Reading]