On the 4th November 2010, ‘The Register‘ announced that PayPal has submitted an updated iPhone app. PayPal have found that the previous version failed to check the digital certificates that confirmed the authenticity of the online-payment website. The security risk leaves iPhone users who rely on the app open to man-in-the-middle attacks when connecting over unsecured networks such as Wi-Fi hotspots! A day later, PayPal rushed out an updated version to the app store. The app for Android-based phones luckily wasn’t affected.
PayPal releases update to iPhone app