Visa contactless hack takes a million units of any foreign currency

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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.