ChipAndPin Technology hacked – Breaches Only a Matter of Time

Samy Kamkar is at it again:

http://www.net-security.org/secworld.php?id=19155

magspoofhackspinandchip

 

Samy Kamkar is a unique hacker as he hacks with small hardware devices such as his previous device OpenSesame(Opens garage doors):

samykamkar

http://oversitesentry.com/hackers-find-ways-to-attack/

 

My last post was to explain the process of hacking a bit, which Samy uses to just figure out a way to do things without having any manuals, just reading the tells of the devices. In the latest video he is actually explaining a method of figuring out the credit card storage technology and then create his device (the Magspoof) which can register on a live credit card device and defeat the Chip and pin technology.

 

My point has been that the real criminal hackers  are doing the same thing.

I don’t think we as a society have figured out the abilities of innate hackers such as Samy Kamkar.

 

The amazing abilities are used in a white hat role for Samy, but a criminal hacker person in East Europe will be one of the worker bees in a well established criminal org as kasperskyLabs has determined:

cybercrime_underground_eng_7-1024x1024Kasperskylab

Image from Kaspersky blog post:

https://securelist.com/analysis/publications/72782/russian-financial-cybercrime-how-it-works/

 

The answer is to have a continual Oversite of the potential attackers coming in and using your resources and finances for their ends.

 

Contact us as we can help you develop a counter-strategy to the higher threat levels.

edited the text for context 11/26/15

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