1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Researchers publish chip-and-PIN fraud report, $680,000 stolen by clever crooks

Discussion in 'CSO' started by RSS, Oct 21, 2015.

  1. RSS

    RSS New Member Member

    In a research paper published by the École Normale Supérieure University in Paris, France, and the Centre Microélectronique de Provence (CEA), researchers outlined the forensic analysis they conducted on evidence used in a fraud case four years ago.

    In 2010, researchers at the University of Cambridge discovered a flaw, one that if exploited would allow criminals to use stolen chip-and-PIN cards without knowing the victim's PIN.

    In 2011, a banking group in France noticed that a dozen stolen EMV cards were being used in Belgium. Given that the use of EMV, or chip-and-PIN, is supposed to prevent fraud, the bankers launched an investigation.

    To read this article in full or to leave a comment, please click here

    Continue reading...

Share This Page