Trends: 15 developments that are rocking your world

摘要

As gas stations invest thousands of dollars per site to meet the Europay Mastercard Visa technology standards for chip payment cards, wily crooks are cooking up ways to compromise chip cards. Chip payment cards are considered more secure and harder to counterfeit than the old magnetic stripe technology because transaction data are encrypted. Organized-crime rings have found a way to capture data from a chip card and manufacture a new chip to put on the card, experts said. The Krebs on Security newsletter said the U.S. Secret Service warned financial institutions that fraudsters were intercepting debit cards that banks mailed to large corporations and were replacing the chips on the newly issued cards with chips from old cards.