Posts Tagged ‘credit card’

Bank CardsA group of researchers has found that many banking terminals use predictable transaction IDs.

Researchers at Cambridge University presented a report on vulnerabilities in banking card terminals, which allow hackers to steal user information, and create clones of existing credit cards.

The study was presented at the conference on cryptography in Leuven, Belgium. The scientists were able to establish that the implementation of bank card leaves the possibility of a kind of cloning, despite the assurances of the reliability of the existing bank systems. According to scientists, the problem of too many financial institutions today is the use of unsound methods of cryptography. (more…)