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Black Hat: ATM spits out cash after chip and pin hack
We’ve been told that EMV (Europay, MasterCard and Visa) chip-equipped cards have an added layer of security, making them more secure and harder to clone that cards with only a magnetic stripe. But Rapid7 security research manager Tod Beardsley said, “The state of chip and pin security is that it’s a little oversold.”Black Hat USA attendees who watched an ATM spit out hundreds of dollars might tend to agree. The demonstration was part of Hacking Next-Gen ATMs: From Capture to Cashout which was presented by Rapid7’s Weston Hecker. The abstract of his talk said the system he devised could “cash out around $20,000/$50,000 in 15 minutes.”To read this article in full or to leave a comment, please click here
