ATM system called unsafe

Researchers who work for an Israeli computer security company say they have discovered a fundamental weakness in the system that banks use to keep debit card PIN codes secret while they are transported across bank networks a flaw that they say could undermine the entire debit card system.

The U.S. Secret Service is investigating the matter, and obtained a memo compiled by the agency that indicates that organized criminals are systematically attempting to subvert the ATM system and unscramble encrypted PIN traffic. ATM system called unsafe - The Red Tape Chronicles -

Linked by shanmuga Friday, 1st December 2006 11:50PM