German code-breakers expose huge credit card flaw, companies continue keeping silent

‘There’s never been a riskier time to use plastic to pay for your holiday shopping. A couple of German security experts found a new flaw in payment terminals – the very thing designed to protect your information – that allows hackers to steal all your money.

“Previous attacks exploit software bugs, like you would have on your computer. Ones that can be fixed with a software update,” renowned German code-breaker Karsten Nohl of Security Research Labs in Berlin told RT’s Peter Oliver. “Now, what we’re attacking is the protocol itself. The devices work exactly as intended and are still vulnerable. So this is a risk that cannot easily be fixed with a patch.”‘

Read more: German code-breakers expose huge credit card flaw, companies continue keeping silent

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