Chip and pin terminals shown to harvest customer info
Tuesday, July 31, 2012 - 03:50
in Mathematics & Economics
(Phys.org) -- For all customers, merchants and restaurant owners making use of card readers for transactions, well, this is not the best of news. Experts have found a security flaw in chip and PIN terminals that allows thieves to download customers card details. According to a UK-based security firm, MWR InfoSecurity, hackers can steal details from chip and PIN machines. MWR was able to prove how easily it can be done. According to a report on Sunday, thousands of credit and debit card readers, such as those sitting in shops and restaurants, will need to be reprogrammed following revelations that they can be hacked into and used to steal cardholders' details.