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Chip and Pin "Weakness" Exposed By Cambridge Researchers

Posted by samzenpus on from the get-them-where-they're-weak dept.

another random user writes "A vulnerability in the widely used chip and pin payment system has been exposed by Cambridge University researchers. Cards were found to be open to a form of cloning, despite past assurances from banks that chip and pin could not be compromised. In a statement given to the BBC, a spokeswoman for the UK's Financial Fraud Action group said: 'We've never claimed that chip and pin is 100% secure and the industry has successfully adopted a multi-layered approach to detecting any newly-identified types of fraud.'"

3 of 133 comments (clear)

  1. Re:Never trust security through obscurity by Anonymous Coward · · Score: -1, Troll

    What is a "proper" RNG? Does it say please and thank you? Does it chew with its mouth closed?

  2. Re:Never trust security through obscurity by cayenne8 · · Score: -1, Troll
    What exactly is this 'chip and pin' system in UK apparently. Sounds British (like fish and chips?)...hahaha.

    Guessing it has something to do with a credit card type thing?

    Does cash not work over there anymore?

    --
    Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  3. Re:Never trust security through obscurity by MadMaverick9 · · Score: 1, Troll

    Does cash not work over there anymore?

    gee - where do you live?

    It's "1984" and governments and big corporations want to know what you're doing and where you're doing it.

    Can't do that with cash.