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PIN Scandal 'Worst Hack Ever'

QuietLagoon writes "The evolving Citibank PIN scandal is getting worse with each passing day. Gregg Keizer of TechWeb News writes: 'The unfolding debit card scam that rocked Citibank this week is far from over, an analyst said Thursday as she called this first-time-ever mass theft of PINs 'the worst consumer scam to date.' ... The problem...is that retailers improperly store PIN numbers after they've been entered, rather than erase them at the PIN-entering pad. Worse, the keys to decrypt the PIN blocks are often stored on the same network as the PINs themselves, making a single successful hack a potential goldmine for criminals: they get the PIN data and the key to read it.'"

4 of 365 comments (clear)

  1. Re:Chip & Pin by loraksus · · Score: 0, Offtopic

    Its a little more dificult to steal my face.

    Trust me, two minutes with a scalpel and it would be in my frying pan, simmering with some fava beans while I drank a nice Chianti. Or I could do the Ed Gein thing.

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  2. Worser hack by 1u3hr · · Score: 0, Offtopic

    In Hong Kong a list of 20,000 people who had lodged complaints against police was found on a local website. The list included name, address, ID numbers; sufficient for identity theft, but also made many people nervous of retaliation for their complaints. Details of police complainants still on Net.

  3. It's "Crack" not "Hack" dammit by hey! · · Score: 0, Offtopic

    Dear Slashdot

    Degnebbit! "Hacking" is a word for clever creative activities. "Cracking" is the correct word for breaking system security. Although in this case, plain old "fraud" would be better, as you can't "crack" what isn't there. Thank you for your attention in this matter, which clearly is an simple oversight. I'm sure you will be more diligent in the future.

    I'll be checking in in another five years, but until then,

    All your base &c.,

    R. Van Winkle Esq.

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  4. old news I'm afraid Zonk by rs232 · · Score: 0, Offtopic

    rs232's Recent Submissions
    Title - Datestamp

    ATM networks hacked Tuesday March 07, @03:09PM Rejected

    As have these

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