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Posted in Organized crime tampers with European card swipe devices
Posted Saturday 11th October 2008 16:24 GMT
Anton Ivanov
Paris Hilton

Applause

Well, Chinese mafia should get a well deserved applause for this one.

If mastercard and visa used a proper x509 smartcard and signed each transaction on the card instead of symmetric voodoo pseudo-security this would not have happen. You cannot clone such card as the private key never leaves it. It is more expensive, but its worth it.

Sigh... When will they learn... If ever...

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