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posted by chromas on Saturday August 01 2020, @07:29PM   Printer-friendly
from the chip-shot dept.

Is Your Chip Card Secure? Much Depends on Where You Bank:

Traditional payment cards encode cardholder account data in plain text on a magnetic stripe, which can be read and recorded by skimming devices or malicious software surreptitiously installed in payment terminals. That data can then be encoded onto anything else with a magnetic stripe and used to place fraudulent transactions.

Newer, chip-based cards employ a technology known as EMV that encrypts the account data stored in the chip.

[...] Virtually all chip-based cards still have much of the same data that’s stored in the chip encoded on a magnetic stripe on the back of the card.

[...] But there are important differences between the cardholder data stored on EMV chips versus magnetic stripes. One of those is a component in the chip known as an integrated circuit card verification value or “iCVV” for short — also known as a “dynamic CVV.”

The iCVV differs from the card verification value (CVV) stored on the physical magnetic stripe, and protects against the copying of magnetic-stripe data from the chip and the use of that data to create counterfeit magnetic stripe cards.

[...] However, for EMV’s security protections to work, the back-end systems deployed by card-issuing financial institutions are supposed to check that when a chip card is dipped into a chip reader, only the iCVV is presented; and conversely, that only the CVV is presented when the card is swiped. If somehow these do not align for a given transaction type, the financial institution is supposed to decline the transaction.

The trouble is that not all financial institutions have properly set up their systems this way. Unsurprisingly, thieves have known about this weakness for years. In 2017, I wrote about the increasing prevalence of “shimmers,” high-tech card skimming devices made to intercept data from chip card transactions.

More recently, researchers at Cyber R&D Labs published a paper detailing how they tested 11 chip card implementations from 10 different banks in Europe and the U.S. The researchers found they could harvest data from four of them and create cloned magnetic stripe cards that were successfully used to place transactions.

There are now strong indications the same method detailed by Cyber R&D Labs is being used by point-of-sale (POS) malware to capture EMV transaction data that can then be resold and used to fabricate magnetic stripe copies of chip-based cards.


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  • (Score: -1, Spam) by Anonymous Coward on Saturday August 01 2020, @08:50PM

    by Anonymous Coward on Saturday August 01 2020, @08:50PM (#1030014)

    Marissa Van Eck FAKENAME CUNT Azuma Hazuki: So "that was NOT me posting" https://soylentnews.org/comments.pl?noupdate=1&sid=37033&page=1&cid=985641#commentwrap [soylentnews.org] which YES, you said when you LIBELED me publicly BEFORE it with YOU saying "So that's a "yes" to schizophrenia/schizoaffective disorder and a "no" to "am taking meds for said disorder" LIBELING ME then...?" per YOUR https://soylentnews.org/comments.pl?noupdate=1&sid=37033&page=1&cid=982854#commentwrap [soylentnews.org] you stupid pitiful FAKENAME fuck online LIAR piece of fucking SHIT?

    OR

    Was it when I GOT YOUR REAL NAME & found you are a satanist/anti-god HERE https://redeeminggod.com/sermons/luke/luke_7_36-50/#comment-269796 [redeeminggod.com] also which most ALL you "LEFTIST" LOSER weirdos usually are (which YES, in THIS other exchange "Why do you assume that you finding discussion threads on other sites with me in them will scare me?" quoted from https://soylentnews.org/comments.pl?noupdate=1&sid=38720&page=1&cid=1028402#commentwrap [soylentnews.org] you DID admit FINALLY to saying it was you - ESPECIALLY AFTER dozens of doctors RECENTLY seconded me on Hydroxychloroquin + Zinc (& Vitamin D3 imo along w/ other things I noted that are anti-viral + antibacterial like RAW GARLIC too)).

    Do me a favor - DENY ANY OF THOSE, please & I will continue PROVING YOU ARE A SHITBAG LOSER, devil... as I already DID here https://soylentnews.org/comments.pl?noupdate=1&sid=38720&page=1&cid=1028211#commentwrap [soylentnews.org]

    The TRUE BEAUTY of SATANIST FUCKS like YOU (antigod assholes)? TRUTH & FACT DESTROYS LIBELOUS DEVILS LIKE YOU - just like I did you & OTHER AHOLES who doubted what I wrote on what is NOW PROVEN TRUE by DOCTORS, admitted in mainstream media etc. (as I showed in those links' exchanges above easily) & especially LATELY by DOZENS of doctors (I have proof from pros - NOT LIBEL like you did to me PUBLICLY & I can still FRY YOU FOR IT FUCKER, live in fear fuck) MINUS any psych pros backing you.

    SAY 1 THING, YOU STINKING LIBELOUS FUCK & I will CONTINUE LEVELLING YOU PUBLICLY with facts - not libel as you tried on me, stupid "Marissa von DUMBO", lol - please, say 1 thing & the BEATING on you, PUBLICLY will continue in this thread where you will have a HELL of a TIME "downmod burying it" via downmod brigades doubtless ONLY yourself via multiple sockpuppet accounts etc. (downodding to HIDE it? FORGET IT vs. me - everyone sees you @ it now, lol - thanks, just as I SAID "your kind", demonic SWINE/antigod LOSERS, always do).

    WHY SHOULD YOU FEAR LIBELING ME PROJECTING IT NOW, TRYING TO HIDE IT TOO?

    TOUGH HIDING YOU LIED about LIBELING ME, especially via INHERENTLY DAMAGING STATEMENTS libeling me as you did see GOLDWATER RULE below too fuckface CUNT you are (wikipedia proof https://soylentnews.org/comments.pl?noupdate=1&sid=37033&page=1&cid=985366#commentwrap [soylentnews.org] & you said "No jury or judge would back it" here https://soylentnews.org/comments.pl?noupdate=1&sid=37033&page=1&cid=985353#commentwrap? [soylentnews.org] Ok - like I said earlier here which you TRIED TO DOWNMOD HIDE as I knew you HAVE to (everyone sees it anyhow) - TRY ME FUCKER - say 1 thing you COWARDLY STUPID LITTLE FUCK & we'll SEE what happens to you, fuckface CUNT you are).

    As I said "DO YOU WANT TO BE SUED" for breaking the GOLDWATER RULE? See here again https://soylentnews.org/comments.pl?noupdate=1&sid=37033&page=1&cid=985329#commentwrap [soylentnews.org] for YOUR (& everyone else's) reference of YOUR LIBEL of myself

    APK

    P.S.=> Oh, I am going to have a FIELDDAY on YOUR ASS fucker - catching you not ONLY IN LIES above, but also in the fact you are a GODLESS fucking LOSER - come on, say something, question the above where you LIED fucker ("it was not me saying it" but it WAS in those links calling me a nutcase essentially when YOU SAID YOU DID NOT (because it IS grounds for SUING THE LIFE OUT OF YOUR WORTHLESS ASS because your statements are NOT BACKED BY actual psychiatric pros in professional psychiatric grounds LIBELING ME)) - oh, you are NEVER going to LIVE THIS DOWN & believe you me - I am going to MAKE SURE you don't - live with your HUMILIATION loser... apk

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