Merchant Terminals Provide New Method For Stealing Customer's Credit Cards

UK based Timesonline reports a flurry of credit card fraud in the first half of 2007. Researchers at Cambridge found chip and PIN merchant terminals lack necessary security encryption. The merchant terminal can be programmed to capture pin and card numbers in order to produce a clone card. The programming takes only 10 minutes.

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<p><a href="http://www.physorg.com/news123832146.html">Merchant Terminals Provide New Method For Stealing Customer's Credit Cards</a></p> <p>UK based Timesonline reports a flurry of credit card fraud in the first half of 2007. Researchers at Cambridge found chip and PIN merchant terminals lack necessary security encryption. The merchant terminal can be programmed to capture pin and card numbers in order to produce a clone card. The programming takes only 10 minutes.</p>