Security researchers from Cambridge University have discovered a way to attack chip and PIN cards -- and warn only Martian cardholders are safe from the exploit.
Australia's AU$90 million per annum credit card fraud bill is too small to force the rollout of chip and PIN card reading technology, says the chief executive of the Australian Payments Clearing Association.
Credit card users will be given the option of entering a PIN as an alternative to signing their name to authenticate a transaction under a banking industry initiative scheduled to start today.
Security researchers are reporting a new brand of phishing attack that attempts to use stolen consumer data to rip off individual account holders at specific banks.
Phishing attacks have led to an estimated US$2.75 billion in losses related to ATM and debit cards over the past 12 months, according to a new Gartner report.
Does the improved credit card security offered by chip and PIN-embedded credit cards mean a future of greater personal liability?
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