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Black Hat: ATM spits out cash after chip and pin hack

Discussion in 'Network World' started by RSS, Aug 4, 2016.

  1. RSS

    RSS New Member Member

    We’ve been told that EMV (Europay, MasterCard and Visa) chip-equipped cards have an added layer of security, making them more secure and harder to clone that cards with only a magnetic stripe. But Rapid7 security research manager Tod Beardsley said, “The state of chip and pin security is that it’s a little oversold.”

    Black Hat USA attendees who watched an ATM spit out hundreds of dollars might tend to agree. The demonstration was part of Hacking Next-Gen ATMs: From Capture to Cashout which was presented by Rapid7’s Weston Hecker. The abstract of his talk said the system he devised could “cash out around $20,000/$50,000 in 15 minutes.”

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