PIN

EMV in, magnetic strips out

Source: http://www.engadget.com/2012/01/31/mastercard-reveals-roadmap-for-our-electronic-payment-future-em/

MasterCard reveals roadmap for EMV electronic payments It’s been over fifteen years since MasterCard, Visa and Europay developed EMV technology to make your credit cards more secure, but it has yet to really catch on here in the US. However, MasterCard has created a master plan to help usher in the EMV era and sound the death knell for the magnetic strip. Why? The EMV infrastructure is far more fraud-resistant because each transaction is authenticated dynamically using cryptographic algorithms and a user-specific PIN. That’s why MasterCard plans to help build out the EMV POS infrastructure by April of next year and have its secure e-payment system functioning at ATMs, online and with its myriad mobile payment options as well. For now, the nuts and bolts of how the credit card firm plans to bring its plan to fruition are few, but more details will be forthcoming, and there’s a bit more info at the source and PR below.

Continue reading MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out

! MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out originally appeared on Engadget on Tue, 31 Jan 2012 05:42:00 EDT. Please see our terms for use of feeds.

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Tuesday, January 31st, 2012 news No Comments

Fraudsters Now Using 3D Printers To Make Authentic Looking ATM Skimmers [Scams]

Source: http://gizmodo.com/5866491/fraudsters-now-using-3d-printers-to-make-authentic-looking-atm-skimmers

Fraudsters Now Using 3D Printers To Make Authentic Looking ATM SkimmersWhat looks like the card slot from a Chase Bank ATM is actually a sophisticated card skimmer removed from a branch in West Hills, California. And police believe a 3D printer may have been used to create it.

Those green bulbous card slots that were supposed to make it very difficult for a card skimmer to be attached to an ATM have turned out to be just a minor inconvenience for sophisticated thieves. Investigators believe this skimmer—which perfectly fits over the ATM’s regular slot— was created from a mould that came from a 3D printer. Which means those behind this particular ATM scheme had some very expensive tools at their disposal.

Fraudsters Now Using 3D Printers To Make Authentic Looking ATM SkimmersIn addition to being a perfect replica of the ATM’s standard card slot, this skimmer incorporates a small pinhole camera that starts recording the PIN pad whenever a card is inserted. On the underside is a series of holes that investigators believe allowed the thieves to download data and footage, but the complex electronics on the inside may have been salvaged from a cellphone, giving this skimmer wireless connectivity. So in the future, like in many situations, make sure you take a good look at the hardware before you stick your thing in the slot. [KrebsonSecurity via BoingBoing]


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Friday, December 9th, 2011 news No Comments

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