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Nokia has since responded by confirming that it shifts HTTPS requests from its Asha and Lumia handsets to Nokia’s own proxy servers, decrypts the data, compresses it, and sends back the appropriate response.
You mean you did it for me? Well shucks, that was sweet of you.
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As Gaurang Pandya, the researcher who discovered the flaw, points out, the flaw here is that Nokia has configured these devices to trust certificates it issues — and therefore not throw warnings that HTTPS traffic is being hijacked.
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This is rather more serious than the question of whether or not Nokia is stealing credit card data. By circumventing the security measures that are supposed to tell people they’re communicating with the server they think they’re communicating with, Nokia has made itself the single point of failure for customers who use these devices. The phones in question have been configured not to warn users that their web traffic has been compromised by what amounts to a man-in-the-middle attack.
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This is rather more serious than the question of whether or not Nokia is stealing credit card data. By circumventing the security measures that are supposed to tell people they’re communicating with the server they think they’re communicating with, Nokia has made itself the single point of failure for customers who use these devices. The phones in question have been configured not to warn users that their web traffic has been compromised by what amounts to a man-in-the-middle attack.
However, this can be circumvented by simply not using Nokia's browser. So it can be avoided. I've been waiting for upgrade eligibility to get a new phone, and I wanted to try out the Lumia 920, but this really makes me question that. What do you guys think? Deal breaker due to the blatant disregard for security? Or just dumb but easy enough to circumvent that it's only an afterthought? I don't know if you can change the default browser on those phones, but that would definitely be an issue for me.

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