Chip and PIN is dead ?

[Lyndhurst 14]

Seems that with some cards you just need to enter ”0000” to override the system and get a “verified by PIN” message. Bit worrying.

http://www.bbc.co.uk/blogs/newsnight/susanwatts/2010/02/new_flaws_in_chip_and_pin_syst.html

 

[Bluejuice]

To be honest it's just another excuse to tell your bank to f*** off when they tell you you're overdrawn

"nah mate, wasn't me, flaws in the card system isn't it... You'll have to take the hit cause I'm not paying"

 

[beardy gull]

Seems that with some cards you just need to enter ”0000” to override the system and get a “verified by PIN” message. Bit worrying.

http://www.bbc.co.uk/blogs/newsnight/susanwatts/2010/02/new_flaws_in_chip_and_pin_syst.html

Not quite as straightforward as you suggest.

http://www.cl.cam.ac.uk/research/security/banking/nopin/oakland10chipbroken.pdf

 

[beorhthelm]

chip and pin is a scam in the first place, to shift liability from the banks to the retailers. you can copy the magnetic strip, flag the cloned card as non-chip and pin and you have a working card you have to just sign for. the handsets are vulnerable to attack to intercept data, or you can provide a shop with a dummy one to simply capture PIN input for cloning.

the upside is you dont need to be mugged anymore, crimnials just clone the cards and get the account details of the internet where batches have been leaked, hacked or collected by other methods.

 

[windowlicker]

chip and pin is a scam in the first place, to shift liability from the banks to the retailers. you can copy the magnetic strip, flag the cloned card as non-chip and pin and you have a working card you have to just sign for. the handsets are vulnerable to attack to intercept data, or you can provide a shop with a dummy one to simply capture PIN input for cloning.

the upside is you dont need to be mugged anymore, crimnials just clone the cards and get the account details of the internet where batches have been leaked, hacked or collected by other methods.

You seem to know rather a lot...

 

[Gwylan]

chip and pin is a scam in the first place, to shift liability from the banks to the retailers. you can copy the magnetic strip, flag the cloned card as non-chip and pin and you have a working card you have to just sign for. the handsets are vulnerable to attack to intercept data, or you can provide a shop with a dummy one to simply capture PIN input for cloning.

the upside is you dont need to be mugged anymore, crimnials just clone the cards and get the account details of the internet where batches have been leaked, hacked or collected by other methods.

... said beorhthelm logging in from his yacht off the Maldives.

 

[hillbilly]

I don't know a lot about this subject, and it maybe over cautious, but I never use my debit card except at an ATM. I understand you have a 'greater' deal of cover using a credit card at point of sale terminals, in case it is cloned etc, so I just use my credit card and pay it off every month.

 

[windowlicker]

chip and pin is a scam in the first place, to shift liability from the banks to the retailers. you can copy the magnetic strip, flag the cloned card as non-chip and pin and you have a working card you have to just sign for. the handsets are vulnerable to attack to intercept data, or you can provide a shop with a dummy one to simply capture PIN input for cloning.

the upside is you dont need to be mugged anymore, crimnials just clone the cards and get the account details of the internet where batches have been leaked, hacked or collected by other methods.

You seem to know rather a lot...

 

[windowlicker]

chip and pin is a scam in the first place, to shift liability from the banks to the retailers. you can copy the magnetic strip, flag the cloned card as non-chip and pin and you have a working card you have to just sign for. the handsets are vulnerable to attack to intercept data, or you can provide a shop with a dummy one to simply capture PIN input for cloning.

the upside is you dont need to be mugged anymore, crimnials just clone the cards and get the account details of the internet where batches have been leaked, hacked or collected by other methods.

You seem to know rather a lot...

 

[Horton's halftime iceberg]

The next decade will see the banks phase in biometrics - fingerprints and eventually iris scans.

Is chip & pin dead? No, but it's dying. It's a flawed system but let's not forget it revolutionised the way we spend our money.

Spot on, bar the flawed system bit, this team and reporter keep coming up with these scams and making a news story from it. When you look at them closer they are more difficult to do than suggested and a technical knowledge is required.

In my expereince working with chip and pin the criminals always go for much easier options, but if and when this sort of technolgy becomes common place like mag stripe readers as mentioned here the chip system has plenty of room for expansion.

Already some places have stated using these new cards to prevent on line fraud and stop cards being data being attacked, but as in life its all about cost and not making it such a pain for joe public to life life without complex security measures.

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[Lady Whistledown]

Chip & PIN is dead

Terrible news, a sad day for the rodent community

RIP