Chip and PIN is a UK government-backed security measure that requires customers to present both a four-digit PIN and a bank card containing a smart chip in order to complete a purchase. Backers argued that the system offers a much higher level of security than previous schemes. Also, they claimed that because the PIN must be present before purchases can be made, consumers should be held liable for fraudulent purchases. Two researchers, however, demonstrated last month how to hack into a card reader and hijack it into playing the video game Tetris.
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UK Researchers Hack Chip and PIN Security
Posted by: Keith Regan February 6, 2007 01:44 PMChip and PIN is a UK government-backed security measure that requires customers to present both a four-digit PIN and a bank card containing a smart chip in order to complete a purchase. Backers argued that the system offers a much higher level of security than previous schemes. Also, they claimed that because the PIN must be present before purchases can be made, consumers should be held liable for fraudulent purchases. Two researchers, however, demonstrated last month how to hack into a card reader and hijack it into playing the video game Tetris.