Blog | G5 Cyber Security

Chip-and-PIN technology has been compromised

A new report published by the popular investigator Brian Krebs show how cyber criminals have compromised chip-and-PIN technology. A new shimmer was found in Mexico, shim means that a shim is between the chip of the users card and the chip reader in the ATM, making possible to record the data from the card while the ATM is reading it. The new generation of traps, come equipped with a GSM module to send encrypted card data back to the crooks, and spy cameras are also installed above the ATM keyboards.”]

Source: http://securityaffairs.co/wordpress/39440/cyber-crime/chip-and-pin-technologyhack.html

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