Chip-PIN defense is 'broken', say researchers
A flaw in the protocol underlying chip-and-PIN transactions allows an attacker to push through a purchase without a valid PIN.
February 12, 2010 in Security by Tom Espiner CommentZDNet is available in the following editions:
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A flaw in the protocol underlying chip-and-PIN transactions allows an attacker to push through a purchase without a valid PIN.
February 12, 2010 in Security by Tom Espiner Comment
Signature-based cards less secure and targeted to be phased out, says analyst, with countries like Australia, U.K. and France, already opting for safer alternatives.
November 23, 2009 in Security by Kevin Kwang Comment
update Having one-time PIN tokens incorporated into credit cards can reduce risk of fraud, but there are costs and operational issues to deal with, say industry watchers.
July 10, 2008 in Security by Vivian Yeo CommentTwo cards containing microprocessors that generate one-time passwords are being touted to Australian banks as possible replacements for tokens and passwords delivered by SMS.
June 30, 2008 in Security by Liam Tung Comment
Following the leak of over 1.4 million Indonesian credit card holders' data, the country's central bank wants banks to adopt smart chip technology by 2010.
March 3, 2008 in Security by Vivian Yeo CommentThree Cambridge University researchers have succeeded in hacking two of the most widely used PIN terminals in the United Kingdom, using a low-tech combination of paperclips and FPGA boards.
February 27, 2008 in Security by Tom Espiner CommentSMS-delivered two-factor authentication will be dead in three years, says Gary Blair, National Australia Bank's general manager of technology, risk and security.
December 10, 2007 in Security by Liam Tung CommentSMS-based two factor authentication has been touted as a way of improving online banking security but Australian bank Westpac's head of information security disagrees.
October 30, 2007 in Security by Liam Tung CommentNew payment models and technologies are emerging, paving the way to a bright future for industry players in the country.
September 5, 2007 in Business by Tony Waltham CommentDetermined hackers can outwit the supposedly tamper-proof bank cards that use both a chip and a PIN.
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3 Signature makes cards 'less secure'