European Payment Card Hack Discovered by Cambridge
Researchers at the University of Cambridge have uncovered a flaw in European payment cards that can allow a hacker to enter any random PIN to complete a transaction. The cards over there have a microchip that verifies a PIN entry and has inhibited card cloning attempts. As you can expect, this communication can be exploited.
Researchers at the University of Cambridge have uncovered a flaw in European payment cards that can allow a hacker to enter any random PIN to complete a transaction. The cards over there have a microchip that verifies a PIN entry and has inhibited card cloning attempts. As you can expect, this communication can be exploited.
Cambridge researchers have found a weakness in the complicated EMV protocol that allows for a man-in-the-middle attack. …The attack requires high-level knowledge of the chip-and-PIN system and some external hardware as the researchers demonstrated on the BBC's Newsnight program on Thursday. Nonetheless, "this flaw is really a popper," said Ross Anderson, professor of security engineering, on Newsnight.
