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How to avoid disaster in the event of credit card theft

03
Nov
2015
How to avoid disaster in the event of credit card theft

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When it comes to choosing PINs for your credit card and cellphone you’ve done everything right – you avoided the temptation to use the year you were born in for either and both have different codes. However, these precautions could all be for nothing if a cybercriminal gets in the way of your credit card and the sales point.

The standard verification process for payments by debit or credit cards consists of a card with an integrated chip and a PIN. However, a group of investigators from the École Normale Supérieure (ENS) in Paris have just published a report which explains how a group of attackers found a way around this system and managed to steal €600,000 in stolen cards. The good news, fortunately, is that they were arrested not long after.

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