New Device Sold On The Dark Web Can Clone Up To 15 Contactless Cards Per Second (softpedia.com)
An anonymous reader writes from a report via Softpedia: "A criminal group going under the name of The CC Buddies is selling a hi-tech device on the Dark Web that's capable of copying details from contactless debit cards if held as close as eight centimeters away from a victim's card," reports Softpedia. The device, named Contactless Infusion X5, is extremely dangerous because it can copy up to 15 bank cards per second, something that may come in handy if a crook is going through a crowd at a concert or through a crowded subway cart. The device can collect data such as the card's number and expiration date. If the debit card's RFID chip stores information such as the card holder's name, home address, and a mini statement, X5 can steal that data as well. The X5 is sold on the Dark Web for only 1.2 Bitcoin (~$825), and its creators say that each buyer will receive the X5 device, a USB cable for charging and data transfers, and 20 blank plastic cards.
My initial reaction is duh. I have software on my phone for security audits that allow me to do the exact same thing. Only it's not meant to do 15 cards a sec. This is how contactless cards work. Maybe the PCI should just start listening to security professionals and do away with these things?
Don't worry, the banks are working hard to solve this security hole... by telling anyone who will listen that these cards are secure, and sticking their fingers in their ears any time anyone says any different.
My bank graciously offered to turn off the feature on my card, from their end, not mine. Which, if you know anything about how these hacks work, means that they're willing to take away all the convenience of the feature, while carefully maintaining the security risks on my card. I declined and cut the antenna instead.
Right now in Canada it is almost impossible to get a credit card without this security hole baked in. They all have it, they brag about it. And worse yet, if someone does manage to clone the card, the bank will insist that it's not possible to do so, and hold you liable for all the fraudulent transactions, after all, the security on the cards is perfect, so you must have authorized it.