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

"Forgery X-ray analysis. (5) Stolen card’s module; (6) Connection wires added by the fraudster; (7) Weldings by the fraudster (only three are pointed out here)."Houda Ferradi, Rémi Géraud, David Naccache, and Assia TriaFour years ago, about a dozen credit cards equipped with chip-and-PIN technology were stolen in France. In May 2011, a banking group noticed
Publish At:2015-10-20 12:25 | Read:4684 | Comments:0 | Tags:Law & Disorder Risk Assessment chip and signature chip-and-p

Smart ATM offers Cardless Cash Withdrawal to Avoid Card Skimmers

Banks have tried every effort, from providing Magnetic Stripes based Credit and Debit Cards to Chip-and-Pin Cards, in order to secure its users from credit card cloning and card Skimmers.It has been known from years that Magnetic stripe are incredibly hackable, but Chip-n-Pin cards have also been hacked and successfully cloned by a group of secur
Publish At:2015-03-16 18:05 | Read:4033 | Comments:0 | Tags:Chip-and-PIN Credit Card Cloning credit card hacking Credit

Quantum Encryption Makes Credit Cards Fraud-Proof

Credit card frauds are very common these days – today a data breach occurs in retailer’s shop, online shopping site or banking site and at the next moment millions of cards appears in the underground black market – how simple is that for cyber criminals nowadays. But imagine if there is no possible way to hack credit cards and ID cards. See
Publish At:2014-12-17 19:10 | Read:4630 | Comments:0 | Tags:Chip-and-PIN Credit Card Cloning Credit Card Fraud credit ca


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