A group of French researchers discovered how Fraudsters Stole nearly $680,000 Via MitM Attack on EMV Cards. The attack was triggered by using an electronic device that acted as a man-in-the-middle (MitM) The device was used to prevent the PIN verification message from getting to the card in the second phase of the transaction and emulating the same behavior for successful PIN submission. The experts admitted this was the most sophisticated smart card fraud encountered to date”]
Source: http://securityaffairs.co/wordpress/41253/cyber-crime/mitm-attacks-emv-cards.html