Lack of enough random numbers in the point-of-sale (POS) terminals keep EMV ("Chip N Pin") from being fully secure, says one researcher.Read More
New technologies such as the EMV algorithm ("Chip and Pin") and NFC were supposed to make payment at the cash register more secure, but new research casts doubt on that.Read More
In theory, EMV or “Chip and PIN” -enabled credit cards are more secure because they are hard to copy (what's called skimming) -- but four researchers have shown yet another way to defeat the technology.
Created by a combination of EuroPay, MasterCard and Visa , the EMV algorithm embedded on a chip within a card is designed to combat face-to-face fraud. By inserting the EMV-enabled card and typing in a password at the Point of Sale terminal, the customer is demonstrating to the merchant that he or she is authorized to use that card. EMV doesn’t attempt to protect credit card data in motion or at at the merchant. Nor does Chip and PIN address “Card Not Present” (CNP) fraud.Read More
What is the security gadget that UK bankers don’t want you to know about? A University of Cambridge student has published a paper on a new device that can protect card-holding consumers from the dangers of hackers, resulting in a financial trade group demanding that it be removed from the public.
According to Ars Technica, increasingly more people are learning about the vulnerability of their bank card system (Europay, MasterCard and Visa cards commonly used in the U.K.), and the protocol flaw that enables a hacker to use someone’s real card without knowing the PIN. Even worse, fraudsters can tinker with Chip-and-PIN card terminals in order to obtain sensitive data.Read More
An article by io9 (Gawker Media) provides an insider glimpse from the 2011 Chaos Communication Congress in Berlin, which headlined a variety of international hackers, scientists, and high-tech gurus who demonstrated how easy it is to break into an individual’s computer, phone, bank card, and more.
Are PDFs no longer safe? The PDF file is one of the most commonplace formats today, but is one of the easiest to break. In fact, the PDF format is so insecure that a hacker can embed a program inside of it, which you would never be able to see, and enable it to attack your computer.Read More