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How hackers steal bank details from chip and pin machines

posted onJuly 30, 2012
by l33tdawg

Security flaws have been identified in some chip and PIN terminals, which is suggested allows thieves to download a customer’s personal card details.

As a result, it is claimed that thousands of terminals, commonly found in shops and restaurants, will now have to re-programmed.

Experts uncovered the security flaw, which affects payment card terminals that use a card and PIN number for a transaction. Security consultants MWR Infosecurity showed they are vulnerable to hacking. Using second-hand terminals purchased on eBay, MWR accessed the computer code on which the terminals use.

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