Wednesday, April 15, 2009

PIN Crackers Nab Holy Grail Of Bank Card Security

From Wired/Threat Level:

Hackers have crossed into new frontiers by devising sophisticated ways to steal large amounts of personal identification numbers, or PINs, protecting credit and debit cards, says an investigator. The attacks involve both unencrypted PINs and encrypted PINs that attackers have found a way to crack, according to an investigator behind a new report looking at the data breaches.

The attacks, says Bryan Sartin, director of investigative response for Verizon Business, are behind some of the millions of dollars in fraudulent ATM withdrawals that have occurred around the United States.

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