Theoretical technique to abuse EMV cards detected used in the real world



Two weeks ago, ZDNet reported on the results of a very interesting experiment that analyzed how banks implemented EMV (chip) cards on their networks.

In the experiment, researchers from Cyber R&D Lab signed up for EMV (chip) cards at 11 banks from the US, the UK, and the EU.

The research team then used tools similar to the ones used by criminal gangs to copy the information stored on EMV cards and their magnetic stripes.

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