AFP: Hack turns Square into criminal tool

I’ve always wondered if this was possible, with such convenience there would bound to be compromises, as much as Square has assisted so many small businesses keen to avoid set-up and ongoing credit card processing costs at POS. What’s more worrying is the second statement.

“Laurie could type credit card numbers into his laptop, which converts to sound data sent to Square, where the transaction registers as if a real card were swiped in a dongle.”

“Laurie and Franken said that they shared their findings with Square in February only to be told that it wasn’t seen as a threat and that traffic analysis would expose those kinds of transactions.”

For a primer on what Square is and the technology behind it:
http://en.wikipedia.org/wiki/Square_(payment_service)

AFP: Hack turns Square into criminal tool

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