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Cards with chips are still vulnerable

18
Aug
2016
Cards with chips are still vulnerable

EMV-Credit-Card-Chip

The banking industry spends a lot of effort, time, and money to protect bank cards. For years, their protection consisted of embossed digits and a signature field, but now smart chips and one-time passwords stand guard between your money and the criminals who want it.

The new chip and PIN cards (an EMV standard) promised greater security than simple magnetic stripe cards, but no sooner were they deployed than criminals tried to break their protection. Fortunately, criminals are not the only ones testing them; security experts also investigate the systems.

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