Researchers with ETH Zurich have identified vulnerabilities in the implementation of the payment card EMV standard that can allow bypassing PIN verification Researchers David Basin, Ralf Sasse, and Jorge Toro-Pozo from the department of computer science at ETH Zurich discovered multiple vulnerabilities in the implementation of the payment card EMV standard that allow hackers to […]
Secret Service warns of Periscope Skimming probes, it the first time that law enforcement discovered attacks against ATMs conducted with these devices. The US Secret Service is warning banks and ATM vendors about a new ATM skimmer technology, the so-called ‘periscope skimming.’Â The device is composed of a skimming probe that crooks connect to the ATMâs […]
The Payment Card Industry Security Standards Council (PCI Council) updates its standard to reduce fraudulent activities against PoS systems. The number of credit card frauds involving Point-of-Sale continues to increase, in the last months, numerous attacks targeted retails and hotels worldwide. The Payment Card Industry Security Standards Council (PCI Council) has responded with the definition […]
A group of French researchers discovered how Fraudsters Stole nearly $680,000 Via MitM Attack on EMV Cards. On October 1st, EMV (Europay, MasterCard, Visa) cards have been introduced in the US to improve the security of payment card holders. EMV cards, also known as chip-and-PIN cards, rely on a cryptographic chip to improve security of banking transaction and avoid […]
A team of British researchers discovered a series of security flaw, Pre-Play Vulnerability, which allow Chip-and-PIN Payment Card Cloning. The recent incident to the US giant retailers Target and Neiman Marcus has raised the debate on the real level of security of credit/debit cards used by US citizens, in response VISA and Mastercard are accelerating the migration […]