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Old 27th February, 2008, 06:46 PM
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Exclamation Chip & Pin machines can be hacked with a paperclip

Quote:
Steven J. Murdoch, Ross Anderson and I looked at how well PIN entry devices (PEDs) protect cardholder data. Our paper will be published at the IEEE Symposium on Security and Privacy in May, though an extended version is available as a technical report. A segment about this work will appear on BBC Two’s Newsnight at 22:30 tonight.
So, card PIN numbers can be easily recorded, due to lack of asymmetric cryptography.

More here:
Light Blue Touchpaper » Blog Archive » Chip & PIN terminals vulnerable to simple attacks
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Old 28th February, 2008, 10:52 AM
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I think the "hacked with a paperclip" is a little bit simplistic, given that there's a bunch of other stuff connected to the paperclip probe.

Note that both the bank's secrets and the retailer's secrets were well protected within the machine, leaving only the consumer's secrets exposed.
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