Magnetic Strips of Credit Cards Can Be Hacked
WASHINGTON – Personally
identifiable information baked into the magnetic strip on your credit
card can be easily hijacked by hackers using lightweight tools,
according to a warning from RFID security guru Adam Laurie.
At the Black Hat DC briefings here, Laurie announced the release of CHaP.py, a test program created to read chip and PIN credit cards using the EMV standard. EMV, named for the three companies that developed the standard – Europay, MasterCard and VISA – handles authentication of credit and debit card payments.
Laurie, who works as chief security officer and director of U.K.-based The Bunker Secure Hosting Ltd., plans to integrate CHaP.py into the RFIDIOt, the popular open-source python library for exploring RFID devices.
Read the full article at eWEEK.