If your Android device is rooted, and you use Google Wallet, beware. zVelo reported this evening that Google Wallet’s PIN verification system was cracked through brute force. If someone were to obtain your device and deploy this hack, the stranger would be able to access all of your financial information to make purchases. Yes, this crack was distributed online so it can get in the hands of hackers.
It is simple: If you use Google Wallet, do not root your device. Check it out in action in the video above.
Update: As noted by The Next Web, Google is already working on a fix for the bug.
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If i dont root, I cannot use google Wallet
so how to solve this issue?!
this is not a menace inmediatly. they only demostrate this application. If you don't install anything more you shouldn't be exposed to that fail.
I wonder if the moneto app has the same issue.