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New flaws in chip and PIN system revealed

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New flaws in chip and PIN system revealed

Most of us do not think twice about paying for something in a high street shop by keying in our pin. It is easy, fast and in most cases it works. But scratch a little under the surface and there are persistent reports of people who say they have been the subject of fraud of one kind or another on their credit or debit card. Now a team of computer scientists at Cambridge University has found a flaw in chip and pin so serious they think it shows that the whole system needs a re-write.
Video Rating: 4 / 5

Robby gives Miley and Jackson their own credit cards to only use in emergencies. Miley goes to the One Day Flea Market but finds that she does not have enough money with her to buy things that she wants. Although initially reluctant to use her credit card, after her pants split she decides that the situation qualifies as an emergency and she needs to buy a skirt; this leads to her caving in completely and buying a large amount of expensive things. When she comes home and talks to Jackson, she realizes how much trouble she is going to be in with her father and decides to return the purchases and get the money back, but by this time the flea market is gone. She then asks Jackson, who is Marlon Brando in The Godfather and who she refers to as “Godbrother,” to help her pay the debt. Jackson hatches a plan to auction off Hannah’s old clothes and a fake pair of sapphire earrings given to her for a video. The siblings manage to raise the money to cover her debt and she thinks that they are home free. That is until Robbie tells them that the jeweler wants the sapphire earrings she had worn in a music video shoot back, because they mistakenly gave Hannah the real pair instead of the fake ones. Once she hears that, Miley attempts to gets the earrings back, and finds out that Katherine McCord (the woman who bought them) is living at a senior citizen retirement center. Miley (dressed as Hannah) and Jackson try to persuade Katherine to sell back the earrings, but she is very attached

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38 Responses to “New flaws in chip and PIN system revealed”

  1. This is not a flaw its actually a design feature! They talk about the manual- perhaps they should go and read it.

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  3. I know this issue is VERY much real and still there. Chip n pin is not very secure, and its scary that they now have contactless and pingit technology. The industry still seems to deny it when I was subjected to it myself! I also demonstarted that this floaw was very much real and easily done too

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  6. Oh my God…

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  9. These guys only managed to cheat a half strength OFFLINE (low value purchase) implementation of EMV. ARQC is for online transactions, if memory serves me right.

  10. even then the bank themselves can check the ARQC and will know the cryptogram was generated without successful PIN entry, I’d like to see these guys walk into a jewellers and try this trick out to see if the card issuer’s backend systems will authorise a 3 or 4 figure PIN-bypass transaction, because I’m betting not.

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  12. Also this flaws are documented by issuers (making the cambridge study a real joke).
    NOW, you may ask that I said there were 3 implementations. YES, the stronger of the 3 solves the problem of this attack. Why then doesnt the card issuers implement this? Simple Cost vs Risk.
    Conclusion Blame the banks not EMV!!

    P.S. Lame Study, yes I have read it. Does not even mention that this flaw is intended on the design, again Cost vs Risk, EMV was designed to be flexible.

  13. First let me say I work in the business.
    This “flaw” I not really a flaw. Let me explain, EMV offers various degrees of security, more precisely 3 types. The 2 weakest types of security are easier to implement (cheaper), but offer holes, replay attacks in case of static certificates, and man in the middle for simple dynamic certificate (The case of the study of this guys).
    This “flaws” are part of the design to exist,its a trade off between price vs security.

  14. …Does she make no money as Hannah or something?

  15. He said godbrother, so maybe the godfather?

  16. may

  17. wow really? he said “God Brother” so obviously he was imitating The God Father

  18. Samanta Pewdie fan Reply December 27, 2012 at 8:12 pm

    i think it’s the godfather

  19. I miss this show 🙁 Big mistake they took it away ;(((

  20. he is being the godfather like in the movie

  21. Oh! my god!, what did Miley do this time?, why would she doesn’t have enough money with her, but if it’s really was an event of emergenices she could of used her credit card, and she could at least charged it, it will help her and if she blew it!, she could always tell her dad that he could load some money, from Natale from, N.J. age: 16

  22. i loveee her

  23. pfft where are you from?

  24. no one!

  25. IloveTiffanyHwang17 Reply December 28, 2012 at 12:50 am

    Rich man with big candy beside his teeth.

  26. fuck you

  27. well this is kinda of mean but if this were real i would of already have a credit card at the age of 7 ( NOT TO BRAG ) ALSO MY OPINION

  28. I LOVE DIANA TAURASI ! 🙂

  29. Gosh it’s been a very long time since I heard the theme song to Hannah Montana.I remember when this first came out.I used to watch this show all the time,I even have the DVD’s of the episodes.I miss the old episodes though and they never show repeats of Hannah Montana either.Miley Cyrus has turned into a beautiful woman too.:) I really miss the old episodes of this show.I only watch Teen Nick now o.o

  30. a rich gentleman

  31. Helena van Perlstein Reply December 28, 2012 at 3:21 am

    But no new ones!

  32. the Godfather
    

  33. o my gosh not wtf kids watch this

  34. thanks hannnamotanatvdc this is a very grat video i love it

  35. is she rlly gonna take that cat for a walk?
    

  36. sorry i used ur comment

  37. if you read in this videos description, it says Jackson is pretending to be Marlon Brando in The Godfather and who Miley refers to as “Godbrother” i copied that from @funnygalfiona