EMV technology may have changed the underground market for CP records, but EMV-Bypass Cloning has opened the door for cybercriminals to sidestep the central security features of EMV chips and channel a new source of CP cards back into the underground CP market. and Mega Package Store exposing over 720,000 compromised cards. Gemini data indicates that this technique is already in use among the cybercriminal underground, as seen in the respective breaches of Key Food Stores Co-Operative Inc.The researchers harvested data from four of the cards, created cloned magstripe cards with this data, and successfully placed transactions. To test this theory, they chose 11 cards from 10 banks from US, UK, and EU issuer countries.This method, EMV-Bypass Cloning, leverages information from one technology (EMV chips) and converts it into another less-secure technology (magstripe), which allows fraudsters to rely on their familiar cloning techniques. New research by Cyber R&D Lab detailed a method of bypassing EMV technology to monetize supposedly secure cards.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |