Card Chip and Pin Security Flaw12 Feb

The BBC reports that the chip and pin in credit and debit cards may have a serious security flaw. It is no wonder then that though millions of people think they safely use their cards for purchases, they are also at times victims of fraud, even though the cards may not have left their possession. The cards are also used by merchants and banks – in fact everywhere.
A team of computers scientists at Cambridge have discovered a simple method whereby the communication between the pin terminal and the card can be hacked into to garner sufficient information in order to create a cloned card. The person using this cloned card would not even need to know the pin – the system would be ‘tricked’ into assuming that the pin has already been verified. (more…)








