I just came across this article from last February regarding Google Wallet and how the PIN is kept on the O/S instead of on the NFC chip. Supposedly only rooted phones are susceptible because of access to the file system and a brute force attack could be accomplished rather efficiently given this is only a 4 digit pin. My question is has this changed by a security update from Google or is this something we all should be concerned about?
Cracked! Google Wallet PIN Raises Big Security Concerns for Mobile Payments | SiliconANGLE
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Cracked! Google Wallet PIN Raises Big Security Concerns for Mobile Payments | SiliconANGLE
Thanks