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[TheBoy]

Chip and Pin's inherent weakness, from a consumer point of view, is that when its cracked (and alledgedly has been with some proof of concept code apparently available), is that its been sold as unbreakable, so the banks will not refund consumers who get caught

Had a few cards cloned/fraudulently used

[Kevin Wood]

I was quite surprised when my bank sent me a gizmo to acces my online banking. You put your card in, enter the PIN and it immediately says pin is OK.

I would have thought PIN verification required a transaction with the bank's computer itself but no...

its been sold as unbreakable

Isn't everything in security? Until 6 months down the line when someone exposes it to be child's play to circumvent.

Kevin

[TheBoy]

I was quite surprised when my bank sent me a gizmo to acces my online banking. You put your card in, enter the PIN and it immediately says pin is OK.

I would have thought PIN verification required a transaction with the bank's computer itself but no...

its been sold as unbreakable

Isn't everything in security? Until 6 months down the line when someone exposes it to be child's play to circumvent.

Kevin

Not read too much into it, but I think it is a certificate type system, and the PIN is part of the key...

[amigov6]

 :)Let them scam my DD card. They'd probably feel sorry for me & pay in a few of Clarksons ££££££££££££'s!!!!!!!! [smiley=2vrolijk_08.gif]