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Researchers claim Square readers could be hacked, company responds (updated)

Update: Square has provided us with the following statement on the matter, stating that its products have special security measures and that the described problems are more of an industry-wide issue:

This story is about issues with magnetic-stripe credit cards, not Square. In 2015, it should not surprise us that a system using essentially the same technology as cassette tapes is vulnerable. That is why major credit card companies, lenders, and businesses are now embracing new, more secure, authenticated payment technologies. Square is helping to lead the way with our own card readers for chip cards and contactless payments.
Any card reader on the market can be deconstructed. The chip could be crushed and then reassembled by using the undamaged shell of the reader. At Square, we have processes in place to prevent malicious behavior on damaged readers. Our Square Register software contains a number of security precautions that protect cards that are swiped on unencrypted readers. If our encrypted readers are damaged, they will not work with Square.

A new report out of Motherboard details how three recently graduated Boston University students have been able to easily hack the increasingly popular Square Reader. For those unfamiliar, Square Reader is an iOS accessory that allows retailers to easily accept credit and debit cards without having to spend the money on traditional point of sale terminals. Hackers have now discovered, however, a very easy way for merchants to steal card information from customers.


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Yet another Java vulnerability discovered, researchers recommend disabling browser plug-in

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Following an attack on a smaller number of corporate Macs that exploited a flaw in the Java browser plug-in, researchers from security firm FireEye warned users of yet another new Java zero-day vulnerability. According to a blog post published yesterday (via IDG), browsers running Java v1.6 Update 41 and Java v1.7 Update 15 are now vulnerable to a malware attack that installs a remote access tool known as McRAT. The exploit is reportedly different from the one used to attack Facebook, Twitter, Apple, and several other companies last month. Following the earlier attack, Apple released an update to Java for users to version 1.6.0_41. These recent vulnerabilities come after several updates over the last year to Java addressing exploits.

FireEye recommended users disable Java until Oracle addresses the issue:

We have notified Oracle and will continue to work with Oracle on this in-the-wild discovery. Since this exploit affects the latest Java 6u41 and Java 7u15 versions, we urge users to disable Java in your browser until a patch has been released; alternatively, set your Java security settings to “High” and do not execute any unknown Java applets outside of your organization.

Oracle provided the instructions below for uninstalling Java on Mac:
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