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These are why all cards (and ATMs) should be smart-cards with asynchronous encryption. These cards and readers have existed for years… it's time to upgrade all

by kondro 16y ago

These are why all cards (and ATMs) should be smart-cards with asynchronous encryption. These cards and readers have existed for years… it's time to upgrade all the end-user equipment to this new, secure standard.

pan69 16y ago
Do banks have a benefit in upgrading? It will cost them a lot of money and at the end of the day it's not their money thats being stolen. If it was their money the upgrade would already have happend long ago. I know. I'm a pessimist.
- kondro 16y ago
  Well, given that here in Australia our banks guarantee all the money stolen through skimming, then yes, it is in the banks favour to upgrade.
- Keyframe 16y ago
  Some ATMs take a picture or video of a customer and timestamp them, at least that's something for now.
iwwr 16y ago
Banks are simply idiotic about security. Instead of looking at an open system, tested independently by researchers, they opt for proprietary, security-by-obscurity solutions. Months later, when the scheme is found full of holes, banks then resort to muzzling researchers with legal threats.