Chip-and-PIN should be “Chip-and-Skim,” say Cambridge card-cloners

Back in 2011, cryptographers at the University of Cambridge were approached by a man whose bank refused to refund a series of disputed transactions.

So they set out to answer the question, “Is it reasonable to assume the infallibility of Chip-and-PIN transactions?”

Read more: Chip-and-PIN should be “Chip-and-Skim,” say Cambridge card-cloners

Story added 20. May 2014, content source with full text you can find at link above.