PIN Theft
June 29th, 2008 Posted in Credit Card Fraud
We have blogged before about attacks on PIN terminals, but here’s another blog post and interesting video on that theft in action. It seems The Real Hustle has a number of YouTube videos on a variety of scams ranging from technical to strictly social engineering.
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6 Responses to “PIN Theft”
By Andris on Jun 30, 2008
I hope that migration to chipcards can prevent so simple card data skimming and usage.
By Michael Dahn on Jun 30, 2008
Skimming Chip and PIN is possible but less likely.
http://youtube.com/watch?v=X7pjUIxKoEc
By Andris on Jun 30, 2008
some ATMs support only magstripe information. And these terminals are now very available for skimmed cards info usage. till full migration to chip world
By Samiullah on Jun 30, 2008
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By Michael Dahn on Jul 1, 2008
@Andris, Chip-PIN does and will continue to reduce fraud. The key for merchants to remember is that their integrated POS may retain “track equivalent” data, which can be used to reencode the magnetic stripe - and thus used fraudulently. They cannot store this data.
Additionally, there is still a risk of Chip-PIN skimming as well as PIN-snarfing from hacked terminals. These attacks are much harder to prevent.