Once again, Oops

Computer Laboratory Security Group: PIN Entry Device (PED) vulnerabilities:

The UK banking industry chose to deploy Chip & PIN cards that do not encrypt the data exchanged between the card and the PED during a transaction. By tapping these communications, fraudsters can obtain the PIN and create a magnetic strip version of the card to make ATM withdrawals in the UK and abroad. We examined two of the most popular PEDs used in the UK and found that cardholders are exposed to simple and cheap attacks.


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