Updated with full video – see below.

Welcome to NewsDesk on SiliconANGLE TV for Monday July 22, 2013. If your identity has been stolen, your phone may have been an accomplice to the crime. Joining us now to explain more is SiliconANGLE Contributing Editor John Casaretto.

A German mobile security expert says he has found a flaw in the encryption technology used in some SIM cards, the chips in handsets, that could enable cyber criminals to take control of a person’s phone.

Karsten Nohl, founder of Security Research Labs in Berlin, said the encryption hole allowed outsiders to obtain a SIM card’s digital key, a 56-digit sequence that opens the chip up to modification. With that key in hand, Mr. Nohl said, he was able to send a virus to the SIM card through a text message, which let him eavesdrop on a caller, make purchases through mobile payment systems and even impersonate the phone’s owner.

See live feed below or visit youtube.com/siliconangle to watch on-demand.

On today’s episode of NewsDesk with Kristin Feledy, we’ll talk to our very own security expert John Casaretto about the encryption flaw, and what you can do to protect yourself from such holes.

We’ll also be sure to ask him what kinds of encryption methods are available, and get his input on why modern SIM cards don’t already come with these newer security standards.

Last, but most certainly not least, we will ask John to give us his two cents on how the industry could moderate itself to minimize these risk, and what small measures a company can make to improve security.

See the live broadcast, embedded below.  If you missed today’s topic, check our YouTube channel for archived clips.

photo credit: garrettc via photopin cc