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This ATM Hack Allows Crooks to Steal Money From Chip-and-Pin Cards

This ATM Hack Allows Crooks to Steal Money From Chip-and-Pin Cards

Aug 05, 2016
Forget about security! It turns out that the Chip-and-PIN cards are just as easy to clone as magnetic stripe cards. It took researchers just a simple chip and pin hack to withdraw up to $50,000 in cash from an ATM in America in under 15 minutes. We have been told that EMV ( Europay, MasterCard and Visa ) chip-equipped cards provides an extra layer of security which makes these cards more secure and harder to clone than the old magnetic stripe cards. But, it turns out to be just a myth. A team of security engineers from Rapid7 at Black Hat USA 2016 conference in Las Vegas demonstrated how a small and simple modifications to equipment would be enough for attackers to bypass the Chip-and-PIN protections and enable unauthorized transactions. The demonstration was part of their presentation titled, "Hacking Next-Gen ATMs: From Capture to Washout," [ PDF ]. The team of researchers was able to show the audience an ATM spitting out hundreds of dollars in cash. Here
Researcher spots an ATM Skimmer while on vacation in Vienna

Researcher spots an ATM Skimmer while on vacation in Vienna

Jun 26, 2016
We have heard a lot about ATM skimmers, but it's nearly impossible to spot one. Some skimmers are designed to look exactly like the card slot on the original machine and attached to the front, and others are completely hidden inside the ATM. But, during his vacation in Vienna, Austria, cyber security expert Benjamin Tedesco spotted an ATM skimmer that was totally unrecognizable. Tedesco was hanging out in Vienna and when about to draw some cash from a cash machine outside St. Stephen's Cathedral, he decided to do a quick visual inspection of the ATM machine and surprisingly spotted the dodgy device attached to it. Warning: Beware of Skimming Devices Installed on the ATM Vestibule Doors . That was a credit card skimmer – a perfect replica of the actual card reader that was designed to steal credit card information of users when they swipe their card to take off cash from the ATM. "Being security paranoid, I repeated my typical habit of checking the card read
AI Copilot: Launching Innovation Rockets, But Beware of the Darkness Ahead

AI Copilot: Launching Innovation Rockets, But Beware of the Darkness Ahead

Apr 15, 2024Secure Coding / Artificial Intelligence
Imagine a world where the software that powers your favorite apps, secures your online transactions, and keeps your digital life could be outsmarted and taken over by a cleverly disguised piece of code. This isn't a plot from the latest cyber-thriller; it's actually been a reality for years now. How this will change – in a positive or negative direction – as artificial intelligence (AI) takes on a larger role in software development is one of the big uncertainties related to this brave new world. In an era where AI promises to revolutionize how we live and work, the conversation about its security implications cannot be sidelined. As we increasingly rely on AI for tasks ranging from mundane to mission-critical, the question is no longer just, "Can AI  boost cybersecurity ?" (sure!), but also "Can AI  be hacked? " (yes!), "Can one use AI  to hack? " (of course!), and "Will AI  produce secure software ?" (well…). This thought leadership article is about the latter. Cydrill  (a
Beware of Skimming Devices Installed on the ATM Vestibule Doors

Beware of Skimming Devices Installed on the ATM Vestibule Doors

Mar 19, 2015
Despite anti-skimmer ATM Lobby access control system available in the market, we have seen a number of incidents in recent years where criminals used card skimmers at ATM doors. Few years back, cyber criminals started using card skimmers on the door of the ATM vestibule , where customers have to slide their credit or debit cards to gain access to the ATM. The typical ATM Skimming devices are used by fraudsters capture both magnetic stripe data contained on the back of a debit or credit card as well as the PIN number that is entered by the customer when using the ATM. In recent case discussed by Brian, cyber criminal installed the card skimming device on the ATM Lobby Card Access Control and a pinhole hidden camera pointed at the ATM's keyboard. Basically, it's an ATM skimmer that requires no modification to the ATM. The card skimmer hidden on the ATM door records the debit and credit card information , and the pinhole camera records the PIN number the
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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.
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