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Author: Dave Boike, Retirement Resources Google Wallet will certainly appeal to the masses, but there will always be skeptics, which brings us to the cons of Google Wallet. Let’s start with what I’m sure everyone will be worried about: security. Although the communication range of NFC is limited to a few centimeters, NFC alone does not ensure secure communications. Ensuring security for NFC data will require the cooperation of multiple parties: device providers will need to safeguard NFC-enabled phones with strong cryptography and authentication protocols, customers will need to protect their personal devices and data with passwords, keypad locks, and anti-virus software, and application providers and transaction parties will need to use anti-virus and other security solutions to prevent spyware and malware from infecting systems.
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