Chip-and-Pin Vulnerable To Subtle Trickery

An anonymous reader writes "Cambridge University researchers, in an investigation for BBC Television's Watchdog programme, have demonstrated a man-in-the-middle attack for the chip-and-pin credit card security system used throughout the UK and Europe. In the attack, the card is inserted into a card-reader that has been tampered with, and the information transmitted in real-time to an accomplice who uses a specially modified card to make a higher-value purchase elsewhere. The modified card-reader shows only the expected amount, but the larger amount is deducted from the victim's bank account. It would not be easy to use this method in practice because the two transactions must be made simultaneously. The same team recently demonstrated a hacked chip-and-pin terminal playing Tetris."

Comments

Ultimate Financial Security

[ToneHog]

For the truly security minded: a wallet, a handgun, and the bottom side of your mattress. No interest charges or minimum payments!

Re:Ultimate Financial Security

[sunwukong]

"Lady, me and this gun here say that I'm going to pay cash for this and there's nothing you can do about it!"

"I'm sorry, sir, but I can't hear what you're saying through the mattress you're wearing."

Or did I misinterpret what you're suggesting?

Coincidental Similarity?

[andy314159pi]

Is there any relationship between Chip and Pin and Fish and Chips?

Classic Quote...

[ayjay29]

Anne Robbinson my arse!

Watchdog?

I am watching a dog.