Last weekend, I forgot my wallet as I took my daughter out to the mall. I realized this as we were in a cab halfway to our destination. A few years ago, this would have been a disaster, as retail financial transactions were only possible using cash or credit/debit cards.

Thankfully, I had my mobile phone with me. As long as I had an internet connection, I really didn’t need to actually have my physical wallet.

Get an in-depth look at the technology behind V-Key’s world-class, digital security solutions.

V-Key’s CTO Er Chiang Kai and his team have released an updated whitepaper detailing a comprehensive overview of V-Key V-OS and the various product families that complement it: This whitepaper covers the following:

New research by V-key shows that most apps used for mobile authentication have serious vulnerabilities, even if hardware security is used. V-Key has discovered a general flaw (named the “Trust Gap”) in these apps’ architectural design which hackers can exploit using malware to illegally obtain a target’s authenticator keys. This enables bad actors to make unauthorized transactions or sign bogus documents, opening up a digital service to account takeovers, data leakage, fraud or worse. This is an insidious and sophisticated attack as the targeted authentication app doesn’t even need to be running or be tampered with to be compromised.