EMV cards

Pierluigi Paganini August 05, 2016
How to withdraw up to $50,000 in cash from an ATM by using data stolen from EMV cards

Researchers have demonstrated how crooks can make ATMs spit out thousands of dollars in cash in just a few minutes by using data stolen from EMV cards. When the EMV (Europay, MasterCard, and Visa) was introduced, the vast majority of security experts believed solved the problems caused by easy to clone magnetic stripe cards. EMV chip-equipped […]

Pierluigi Paganini October 21, 2015
Crooks stole €600,000 in MitM attacks on EMV Cards

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 […]