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Pre-Play Vulnerability Allows Chip-and-PIN Payment Card Cloning

Pre-Play Vulnerability Allows Chip-and-PIN Payment Card Cloning

May 20, 2014
In March this year, we reported that the major card distributor companies, VISA and Mastercard are migrating to EMV chip cards , also known as PIN-and-Chip cards. Unlike traditional magnetic stripe payment cards, EMV chip cards generates a unique code for every transaction, making it nearly* impossible for criminals to use the card for counterfeit fraud. But Nothing is perfectly secure, even not the PIN-and-Chip based payment cards. All anti-cloning theories were already proven wrong, when a group of researchers found a way to hack the Credit and Debit cards based on the latest Chip-and-Pin technology. Back in 2012, we reported about a research paper entitled " Chip and Skim: cloning EMV cards with the pre-play attack " published ( old paper ) by team of researchers from the University of Cambridge, UK, who demonstrated that Chip and PIN payment card systems are also vulnerable to Card Cloning. The same team of researchers presented their EVM related research last Mond
CASH! CASH! Hacking ATM Machines with Just a Text Message

CASH! CASH! Hacking ATM Machines with Just a Text Message

Mar 25, 2014
As we reported earlier, Microsoft will stop supporting the Windows XP operating system after 8th April, apparently 95% of the world's 3 million ATM machines are run on it.  Microsoft's decision to withdraw support for Windows XP  poses critical security threat to the economic infrastructure worldwide. MORE REASONS TO UPGRADE Security researchers at Antivirus firm Symantec claimed that hackers can exploit a weakness in Windows XP based ATMs, that allow them to withdraw cash simply by sending an SMS to compromised ATMs. " What was interesting about this variant of  Ploutus  was that it allowed  cybercriminals  to simply send an SMS to the compromised ATM, then walk up and collect the dispensed cash. It may seem incredible, but this technique is being used in a number of places across the world at this time. " researchers said. HARDWIRED Malware for ATMs According to researchers - In 2013, they detected a malware named Backdoor . Ploutus,  installed on ATMs in Mexico, wh
GenAI: A New Headache for SaaS Security Teams

GenAI: A New Headache for SaaS Security Teams

Apr 17, 2024SaaS Security / AI Governance
The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo
Indian Banks may switch to Linux, rather than taking extended Windows XP Support

Indian Banks may switch to Linux, rather than taking extended Windows XP Support

Mar 22, 2014
As we have reported you earlier that Microsoft is pulling out their Windows XP support after April 8 2014. Since a vast majority of bank ATMs around the world currently runs on Windows XP, but if they'll continue sticking to it after the deadline, then they'll be exposed to all kinds of security threats, as Microsoft will no longer provide the security patches thereafter. Many countries' Banks have got a way out, many banks have arranged or are in the process of arranging extended support for Windows XP for which they are ready to pay Microsoft millions of dollars, but may be not in the case of India. Yes, India will never feed Microsoft for providing extra support to the older version; rather they could switch over to the Linux operating system. India has around 115,000 ATMs across the country at present and the counts will go up in coming days, but the end of life for XP will not affect banks and functioning of ATMs as the financial institutions across the country are we
cyber security

Today's Top 4 Identity Threat Exposures: Where To Find Them and How To Stop Them

websiteSilverfortIdentity Protection / Attack Surface
Explore the first ever threat report 100% focused on the prevalence of identity security gaps you may not be aware of.
Banks to Pay Microsoft Millions of Dollars for extended Windows XP Support

Banks to Pay Microsoft Millions of Dollars for extended Windows XP Support

Mar 18, 2014
Despite so many warnings from Microsoft and Cyber Security Experts, Windows XP is still being used by a number of Government organizations, Financial institutions as well as big Corporations all around the world. If we look at the statistics then almost 30% of computers you will find that still run Windows XP , including banks, airline companies, and other huge enterprises, the count in real is likely to be even higher than the estimated. But If you stick with Windows XP after April 8 2014 , you might be at a great risk as XP will take its last breath officially on that day and will die! This fact poses danger to its users as they will be exposed to all kinds of threats. Almost thirteen years after it was 'first released' i.e. April 8 when the Redmond, Washington-headquartered Corporation will stop support for its longest running and most successful OS, Windows XP. Continue using Windows XP after April 8, it will serve you as a Dead Zombie, because Microsoft w
Bluetooth enabled Credit Card Skimmers planted at Gas Station lead to $2 Million heist

Bluetooth enabled Credit Card Skimmers planted at Gas Station lead to $2 Million heist

Jan 22, 2014
Cyber Criminals will not let any way out without making Money. Another huge Credit Card theft and this time they targeted Gas Stations. 13 men were suspected and charged for stealing banking information, using Bluetooth enabled Credit Card Skimmers planted on the gas stations throughout the Southern United States. They made more than $2 Million by downloading the ATM information, as well as PIN numbers from the gas pumps and then used the data to draw cash from the ATMs in Manhattan. Manhattan District Attorney Cyrus R. Vance explained the operation that the skimming devices were internally installed so was undetectable to the people who paid at the pumps and the devices were Bluetooth enabled, so it did not need any physical access in order to obtain the stolen personal identifying information. " By using skimming devices planted inside gas station pumps, these defendants are accused of fueling the fastest growing crime in the country. Cybercriminals and ident
Hackers stole money from European ATMs using Malware-loaded USB Device

Hackers stole money from European ATMs using Malware-loaded USB Device

Jan 02, 2014
Hacking ATM Machines is nothing new, but it seems that instead of relying on ATM skimmers now some smart hackers in Europe are reportedly targeting ATM Machines using Malware -loaded USB drives to steal money. Most of the world's ATMs are running on Windows XP operating system, which is highly vulnerable to Malware attacks. Just like your Desktop Laptops, some ATMs also have USB sockets, which is hidden behind the ATM's fascia. The German security researchers who discovered the hack detailed their findings at the Chaos Computing Congress in Hamburg, Germany recently. They said that the thieves cut holes in the fascia to access a USB port and then uploaded malware to the machines. The malware creates a backdoor that can be accessed on the front panel. " These researchers explained that the malware allowed the thieves to create a unique interface on the ATMs by typing in a 12-digit code. This interface allowed for withdrawal and also showed the criminals the amount of money and e
40 Million Credit Card accounts affected in massive data breach at 'Target' Stores during Black Friday

40 Million Credit Card accounts affected in massive data breach at 'Target' Stores during Black Friday

Dec 19, 2013
If you have shopped something during the Black Friday weekend from Target's U.S based Retailer stores, then please pay serious attention - Your Credit and Debit card account may have been at Risk. There are more than 1,500 Target stores throughout the U.S and 40 Million credit and debit card accounts of Target's customers may have been stolen during the height of the holiday shopping season, according to a statement  published by the company. Somehow thieves allegedly gained access to personal data in stores when customers swiped their cards at the register. That information is then typically sold to buyers who then make bogus debit or credit cards with it. So the customers who made purchases by swiping their cards at terminals in its U.S. Stores between November 27 and December 15 may have been exposed.  Krebs who broke the story reports that the breach does not impact shoppers who purchased items online. Target has not disclosed exactly how the data breach occurr
Hacker jailed for ATM skimming invented ATM security scheme

Hacker jailed for ATM skimming invented ATM security scheme

May 19, 2013
A Romanian man serving a five-year jail sentence in Romania for his involvement in an ATM skimming scheme, has developed a device designed to protect ATMs from such attacks. 33-year-old Valentin Boanta who is being detained in a prison from Vaslui, Romania, after he was convicted on charges of bank card fraud in 2009, developed what he calls the SRS (Secure Revolving System) which changes the way ATM machines read bank cards to prevent the operation of skimming devices that criminals hide inside ATMs. " When I got caught I became happy. This liberation opened the way to working for the good side ," Boanta said. " Crime was like a drug for me. After I was caught, I was happy I escaped from this adrenaline addiction ," Boanta said. Boanta began working on SRS during his trial. SRS, Boanta says, can be installed into any ATM. ATM skimmers work by installing a second, concealed card reader over the one that's built into the ATM. When an unsuspecting bank customer
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