During a presentation at the ACM Conference on Computer and Communications Security in Arizona on Monday, Newcastle University scientists presented a paper that showed flaws in microchip credit and debit cards. With the new microchip cards, users can just swipe the chip for transactions up to $31, for speed and convenience. READ MORE: Americans fear ‘getting hacked’ more than murder, terrorism - Gallup However, researchers found the chips do not recognize limits with foreign currency transactions. Just by pre-setting the amount you want to transfer on a mobile phone, all it takes is a bump against another person’s pocket...
[Source: rt.com] [ Comments ] [See why this is trending]