APLawrence.com -  Resources for Unix and Linux Systems, Bloggers and the self-employed

Hacking the new more secure credit cards


Some material is very old and may be incorrect today

© November 2015 Anthony Lawrence

In 2011, a bunch of the new "chip and pin" credit cards were stolen. The thieves physically modified the cards circuitry to accept any pin as valid, thereby letting them rack up almost $700,000 in fraudulent transactions.

Don't panic, because this particular hack method has already been blocked. But do think about how this was done: it was micro surgery on the cards innards. That's scary, because this particular modification was (relatively) simple and unsophisticated. What might the next one be?

It's obvious that anything physically accessible has a potential hackability. So how can we ever be secure?

Well, suppose your credit card number wasn't a number at all but was biometrics derived from your person. Suppose further that what you owe and what you own wasn't stored at a bank somewhere, but was stored in your biometrics - that is, you are your own bank account. That's somewhat possible now, though there's no way for you to control it - you wouldn't know if someone hacked you to steal your assets. But that might change eventually.

And then someone will find a way to hack that.

How a criminal ring defeated the secure chip-and-PIN credit cards


If you found something useful today, please consider a small donation.



Got something to add? Send me email.





(OLDER)    <- More Stuff -> (NEWER)    (NEWEST)   

Printer Friendly Version

->
-> Hacking the new more secure credit cards


Inexpensive and informative Apple related e-books:

Take Control of IOS 11

Take control of Apple TV, Second Edition

Photos: A Take Control Crash Course

Take Control of the Mac Command Line with Terminal, Second Edition

Take Control of Numbers





More Articles by © Anthony Lawrence





Printer Friendly Version

Have you tried Searching this site?

This is a Unix/Linux resource website. It contains technical articles about Unix, Linux and general computing related subjects, opinion, news, help files, how-to's, tutorials and more.

Contact us


Printer Friendly Version





Choose a job you love, and you will never have to work a day in your life. (Confucius)




Linux posts

Troubleshooting posts


This post tagged:

Security



Unix/Linux Consultants

Skills Tests

Unix/Linux Book Reviews

My Unix/Linux Troubleshooting Book

This site runs on Linode