ATM system called unsafe

Friday, 1 December 2006, 12:58 AM EST

A U.S. Secret Service memo obtained by MSNBC.com indicates that organized criminals are systematically attempting to subvert the ATM system and unscramble encrypted PIN codes.

Researchers who work for an Israeli computer security company say they have discovered a fundamental weakness in the system that banks use to keep debit card PIN codes secret while they are transported across bank networks – a flaw that they say could undermine the entire debit card system.

At MSNBC.

[ Read more ]




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