Thursday, August 04, 2016

Flaw could enable crooks to bypass debit card chips


New credit and debit card chips could be defeated by malware that causes the reader to believe the card has only the conventional old magnetic strip and not the chip. CNN has a report here.

Others say that back end retail systems would still reject any such transactions.
 
Most retail establishments now seem to have the new readers, which had been common in Europe previously.

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