Security for Cloud-Based Payments

Mobile payments are ubiquitous and for many they have become a daily necessity. EMV standards are based on Secure Element and many devices do have them. Unfortunately in the real-world access and implementation for this technology is restricted. Major payment networks have designed cloud-based technology to overcome these limitations. There are important security implications regarding the use of payment credentials on open devices where an attacker has full control over the execution platform. This presentation will describe the necessary security concepts and will show an interactive EMV payment analysis.