The EMV (Chip & PIN) protocol requires ATMs and point-of-sale terminals to generate a random number. If this number (known in EMV terminology as the "unpredictable number") isn't random, Chip & PIN is ...

Two weeks ago, ZDNet reported on the results of a very interesting experiment that analyzed how banks implemented EMV (chip) cards on their networks. In the experiment, researchers from Cyber R&D Lab ...

Criminals have stolen more than €1.5 million ($1.65 million) from a German bank by cloning customer debit cards and then cashing out user funds across Brazil, despite the original cards being ...

Researchers in the United Kingdom say they’ve discovered mounting evidence that thieves have been quietly exploiting design flaws in a security system widely used in Europe to prevent credit and debit ...

Credit card chips have made in-person transactions safer, but there are still some things you should know to prevent yourself from becoming a victim. Image source: Getty Images. Over the past few ...

EMV deployment struggles are keeping in-store fraud rates high while pushing online fraud much higher. Worst of both worlds for the moment. As the U.S. slowly creeps toward EMV acceptance — make that ...

ICICI Bank ATM card cloning: Cases occurred in Mulund and Thane regions in Mumbai, Zee Business reported; FIR lodged ICICI Bank ATM card cloning: Prima facie it looked like a case of card skimming, ...

But you may be in for some surprises, and I say this from personal experience. I recently was with two childhood friends on our annual girlfriends getaway, which included shopping. I handed my ...

SBI cards are unable to ensure the safety of card holder's hard earned money from cyber offenses while chip-based SBI EMV cards can do that with ease. The other feature of EMV cards is that they use ...

Home Depot's lawsuit against Visa and MasterCard tackled the security problems of the EMV rollout. But what the retailer conveniently forgot to mention is far more germane. Retailers have this ...

Over the past few years, chip-based credit cards have become almost universally issued in the U.S., so if you’re reading this and have a credit or debit card, there’s a good chance that it has a chip ...