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Millions of card users exposed to fraud

Midnight_Caller
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Registered: 15-04-2007

Millions of card users exposed to fraud

Hi All
Just seen this:
[quote="Channel 4"]
Millions of Barclays card users exposed to fraud
Barclays customers using contactless bank cards could have their data stolen without even knowing through readers in new mobile phones, Channel 4 News can exclusively reveal.
Card readers that are now being built in as standard to mobile phones can be adapted to access data from these cards. Working with a mobile phone security company, Channel 4 News managed to take data with just one swipe, and then use that data to purchase multiple goods online.
This means that it would be possible to gain access to this data merely by nudging someone's wallet, or through clothes in a crowded public space.
The new contactless credit and debit cards contain a chip, so that when the card is held next to a reader a payment is made without need of a pin, and 13 million Barclays customers currently use them.
But our research shows that this ease of use will work for pickpocketers too.  A mobile phone security company researched how the technology could be used. Thomas Cannon of ViaForensics said: "All I did was I tap my phone over your wallet and using the wireless reader on the phone I was able to lift out the details from your card, that includes the long card number, the expiry date and your name. None of it was encrypted, it was simply a case of the details coming out through the air."
Read More Here