Chip and Pin is secure. No, it isn’t. Yes, it is! No, it isn’t! YES, IT IS!! NO, IT IS NOT!!
A childish dialogue? No! It is a very important dialogue that needs to occur.
Technology meant to increase the security of card initiated transactions and protect card holder data, chip and pin, has been compromised.
I’m not sure what success anyone hopes to have using off the shelf technology. As the late John Candy would scream, WAKE UP DUMMY! The technology of chip and pin functionality is available in any library or via the Internet, ooooops, hence how to easily overcome chip and pin’s supposed security is readily available.
Watch this video then judge for yourself whether or not you feel chip and pin are secure.
http://www.wreg.com/videobeta/?watchId=8ba6f8fc-90a2-4711-90ea-1884ec348310
While this method is about as productive as dumpster diving for carbons, the data gathered is in an importable and usable format. Irrespective, the consumer has unknowingly had their card data compromised or pocket picked.
