Man-in-the-Middle Attack Makes PINs Useless for VISA Cards

Swiss security researchers have discovered a way to bypass the PIN authentication for Visa contactless transactions. A bug in the communication protocols lets attackers mount a man-in-the-middle attack without entering the PIN code. EMV is the protocol used by all the worlds major banks and financial institutions. The fix doesnt require an update for the EMV standard, only updates for the terminal. There are 161 million POS terminals in the entire world, the update process will be a long one.”]

Source: https://www.bitdefender.com/blog/hotforsecurity/man-in-the-middle-attack-makes-pins-useless-for-visa-cards/