Debit Card System At Risk
MSNBC –
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 MSNBC.com 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.
-Shlok
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