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Snapchat will soon let users transfer cash using Square. Even though this new feature will only be available to users with Androids and debit cards, experts are worried about the safety of these transactions.

If you can recall, Snapchat hasn’t had the best security record. Could a compromise at Snapchat impact Square users?

Listen to our latest Security Slice podcast and hear Tyler Reguly and Tim Erlin discuss why Snapcash is an odd solution for a non-existent problem, why these transfers seem ideal for illegal transactions and when we can expect Snapcash competitors.

 

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Tripwire has compiled an e-book, titled The Executive’s Guide to the Top 20 Critical Security Controls: Key Takeaways and Improvement Opportunities, which is available for download [registration form required].

Title image courtesy of ShutterStock

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