Now, the latest buzz is that even the new EMV (Europay, MasterCard, and Visa) credit card verification chip system that was supposedly promised by these companies to be unhackable has been exposed. The EMV cards have inbuilt microprocessor chips that give it a double layered security. It works analogous to the two-factor authentication, generating a unique code each time you use your credit card rendering it almost impossible for the hacker to steal your information. Well, almost…
Professor Ross Anderson from the Computer Laboratory at the University of Cambridge explains in this video how the black-hats compromise the Chip & Pin system to gain access to the sensitive information.
Watch the video below:
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