8 years ago
Thieves use chip-and-pin cards to steal up to $50k from ATMs
Touted as a safer solution to magnetic stripe cards, it seems the chip-and-pin (or EMV) counterpart might not be as secure as we once thought. After retailers around the globe made the switch to the new technology we’re now uncovering vulnerabilities in the cards that make them only marginally superior to their predecessor. A new ATM hack demonstration shows just how vulnerable they are. In the demonstration, hackers were able to use a common chip-and-pin card to withdraw money from an ATM in under 15 minutes.
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