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fraud
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fraud Stealing without taking your card It’s an assumption that criminals need to<b> physically </font></b>take your bank card, and get hold of your precious PIN , if they want to steal your , like with general bank card and ATM fraud. Research has shown that hackers don’t even need to steal your bank card anymore. If they are close enough to you, they can hack through your contactless card and take what they want. The £30 limit there to stop overspending doesn’t seem to be an issue either. Tests were done by cybersecurity company Positive Technologies on behalf of Forbes. Using themselves as guinea pigs, they managed to take three Visa payments for £31 and far bypassed the £30 contactless limit to skim £1 from an account with just a tap! For every test they did, they managed to skim from 0% of the accounts, which goes to show how easy this will be for proper criminals. How the contactless hack works contactless cards This isn’t the kind of thing everyone will do, so it’s a very organised crime. Criminals use specialist hardware to read and messages between a payment card and the reader. They can tell it that a PIN isn’t needed, verification has been made (when it hasn’t) and are even able to request more than the £30 limit. Usually, if a payment goes over £30, the machine knows it’s not able to take the payment. Then, it will need additional verification (like a PIN). And it’s this that they can hack, change what the machine thinks, and then steal without even touching your bank card. The experts commented, “This attack is possible because Visa does not require issuers and acquirers to have checks in place that block payments without presenting the minimum verification.” However, Visa told Forbes that they aren’t “planning on updating its systems to deal with the hack.” |
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