The use of Near Field Communication (NFC) payments continue to expand, but cybercriminals are finding security bugs they can exploit as they try to hijack smartphones. During the Mobile Pwn2Own competition sponsored by Hewlett-Packard in Tokyo, Japan, security experts showed their abilities to compromise devices.
Eight devices, including the Apple iPhone, BlackBerry Z30, Google Nexus 7 and Amazon Fire phone were the targets of focus - and five teams were able to use security bugs to compromise devices, with three teams using NFC exploits to hijack devices. The LG Nexus 5, Amazon Fire phone, iPhone 5S and Galaxy S5 were compromised - and now the phone manufacturers have been informed of the security problems, so they can create security patches.
NFC technology is common place in the United States and Western Europe, with most smartphones featuring NFC - and as Apple Pay and other mobile payments continue to expand - these types of security exploits need to be quickly addressed.