Visa contactless hack takes a million units of any foreign currency

Conocimiento pertenece al mundo
Tweet about this on TwitterShare on FacebookShare on LinkedInShare on Google+Share on StumbleUponShare on TumblrShare on RedditPin on PinterestEmail this to someone

Newcastle University researchers have found a security flaw in Visa’s contactless payment card system that allows hackers to bypass the £20 limit and take out up to 1 million of any foreign currency –  for example, more than £2 million if taken in Kuwaiti Dinars.

Visa card Hacking

A five-strong research team, led by Martin Emms, reported on 1 November that it has found a “glitch” in the system that allows EMV (Europay, MasterCard and Visa) users to buy items costing up to £20 without having to insert their card into a terminal or input their PIN number.

Source:http://www.scmagazineuk.com/visa-contactless-hack-takes-a-million-units-of-any-foreign-currency/article/381135/

Conocimiento pertenece al mundo
Tweet about this on TwitterShare on FacebookShare on LinkedInShare on Google+Share on StumbleUponShare on TumblrShare on RedditPin on PinterestEmail this to someone

Add a Comment