NFC systems hacked at Mobile Pwn2Own

Security professionals have exposed several bugs in Near Field Communication (NFC) payment systems during the Mobile Pwn2Own event in Tokyo. As part of the efforts to demonstrate the vulnerabilities of NFC, experts used eight smartphones including the Apple iPhone, Blackberry Z30, Amazon Fire phone and Google Nexus 7. Hackers were able to successfully exploited the already discovered bugs to attack five devices, with three teams successfully extracting data at will from the devices, the BBC noted.