Would any sensible person?
Would any sensible person use an iPhone for financial transactions? I doubt it.
PayPal has submitted an updated iPhone application after learning that the previous one failed to check the digital certificates that confirmed the authenticity of the online-payment website. The hole leaves iPhone users who rely on the app open to man-in-the-middle attacks when connecting over unsecured networks such as Wi-Fi …
We are not all doom mongers you know. My 3g connection is more secure than your car is, yet you happily leave hundreds of pounds worth of stereo and stuff in it, just waiting for someone with a low tech brick to smash and grab.
Sure its POSSIBLE to fool me into getting robbed..... but so very highly UNLIKELY as to make it not a bother.
Or is this just an iPhone bash (which i grant you is maybe a little more justified than the whole security thing).