Researchers Expose New Credit Card Fraud Risk

An anonymous reader writes "Researchers from the University of Cambridge have discovered flaws in the card payment systems used by millions of customers worldwide. Ross Anderson, Saar Drimer, and Steven Murdoch demonstrated how a simple paper clip can be used to capture account numbers and PINs from so-called 'tamper-proof' equipment. In their paper (PDF), they warn how with a little technical skill and off-the-shelf electronics, fraudsters could empty customers' accounts. British television featured a demonstration of the attack on BBC Newsnight."

Comments

Re:You bastards shouldn't have insisted he be fire

[CastrTroy]

Does anybody else find it condescending to have little animated characters pop-up on your screen and try to help you. Some of us actually know how to use a computer, and find it insulting that you'd try to make the system more friendly with stupid animated characters.