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From TFA: The shop was selling data stolen from the magnetic stripe of each card, which thieves can re-encode onto new, counterfeit cards and use to go shoppin
by minimax 13y ago
From TFA:
The shop was selling data stolen from the magnetic stripe of each card, which thieves can re-encode onto new, counterfeit cards and use to go shopping in bricks-and-mortar stores for items than can easily be fenced or resold.
Is that possible to do with a chip and PIN card? Most of the focus from these articles seems to have to do with replicating the cards and using the replicas in stores, not online.
- seszett 13y agoThat's supposed to not be possible at all. I remember maybe a decade ago there was a kind of scare (well, at least the TV news talked about it) about YesCards, some kind of fraudulent EMV cards, but according to Wikipedia[0] it doesn't look like they would still work today. [0] https://fr.wikipedia.org/wiki/Yescard https://fr.wikipedia.org/wiki/Yescard (for some reason, the English article is deleted).
- sliverstorm 13y agoIt appears that chip-and-pin probably uses a challenge-response type of authentication, which would make the card nigh-impossible to duplicate. Chip-and-pin won't help you with online sales, but for any card-present sale (brick-and-mortar) it should ensure counterfeits cannot be used, and the PIN of course is the second factor to ensure only you can use the card.