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EMV chips?

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slicemans
Regular Contributor

Re: EMV chips?

Message 41 of 47
Closingracer99
Valued Contributor

Re: EMV chips?


@DaveSignal wrote:

@slicemans wrote:

EMV would not have prevented the target attack. It was attack inside the POS not the actual payment terminal.

 


But if the US had fully implemented EMV at that time and everyone had EMV cards that only worked in chip readers, then the theives would have no reason for the internal POS attack since that stolen data would be useless without a cloned EMV card.


+1 my thoughts exactly 


My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740
Message 42 of 47
Closingracer99
Valued Contributor

Re: EMV chips?


@slicemans wrote:

Chip and pin cards still can be cloned.  http://securityaffairs.co/wordpress/25134/cyber-crime/chip-and-pin-cloning.html


Yes not like Stips can be 


My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740
Message 43 of 47
trumpet-205
Valued Contributor

Re: EMV chips?

Pre-play attack means that the terminal has to be compromised first.

 

On the other hand you can just use skimmer to skim mag strip, bypassing the need to compromising terminal.

 

Nothing is 100% secure in terms of cryptograhy.

Message 44 of 47
longtimelurker
Epic Contributor

Re: EMV chips?


@trumpet-205 wrote:

Pre-play attack means that the terminal has to be compromised first.

 

On the other hand you can just use skimmer to skim mag strip, bypassing the need to compromising terminal.

 

Nothing is 100% secure in terms of cryptograhy.


Right, but it sounds like the UK banks have done a strict liability shift, if a correct PIN was recorded as used, customer is liable as the cards cannot be compromised (and as the paper says, assumed to be negligent or complicit).  And the paper suggests that that is far from true.

Message 45 of 47
DaveSignal
Valued Contributor

Re: EMV chips?


@slicemans wrote:

Chip and pin cards still can be cloned.  http://securityaffairs.co/wordpress/25134/cyber-crime/chip-and-pin-cloning.html


Im sure that I could clone an entire EMV bank ATM if I had the money and time, but it would take a lot of effort and would be a whole lot easier just to move on to a different area of the world with low security standards where all I have to do is print some cards with magnetic stripes.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 46 of 47
Josh2942
Established Contributor

Re: EMV chips?

That's a huge exaggeration. I hate Walmart but when I was forced to go a 350 purchases on my CSP went thru instantly. And all I had to do was sign. The rate at which a transaction goes through has many factors. Finincial institution, data speed, available credit, pending transactions, etc.
Jaguar F-Type R Loan 50K Balance
Goldman Sachs Signature Loan $29,000 TU 750 score pulled at time of loan.
Student Loan Debt $1,500
Credit Card Debt $300 1>% of $166,700
FAKO Transunion 723 Equifax 744
What's in my wallet? Chase Sapphire Reserve, Chase Freedom Unlimited, and AMEX Blue for Business
Message 47 of 47
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