PayPal Races To Fix IPhone App Security Flaw

Internet-payment provider PayPal said its iPhone application contained a security flaw that could allow a hacker to access users’ accounts and has rushed out an update to correct the problem.

The hole stems from the app’s failure to confirm the authenticity of PayPal’s website when communicating over the Internet–a basic lapse that the security researcher who found the flaw said would allow someone to intercept passwords from unsuspecting users.

PayPal spokeswoman Amanda Pires said the eBay Inc. unit verified the vulnerability Tuesday night and has fixed the problem after being notified by The Wall Street Journal. PayPal sent the fixed version of the app to Apple Inc.’s App Store. “To my knowledge it has not affected anybody,” Ms. Pires said. “We’ve never had an issue with our app until now.”

A hacker would need skill and luck to make use of the vulnerability, which only affects users of the iPhone app connecting over unsecured Wi-Fi networks. It doesn’t affect the company’s Android app or users of the PayPal.com website.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »