Confessions of a Cybermule

Iria · Jul 31, 2006, 02:03 AM

Source: Wired News
___________
John Dillinger was a bank robber whose tool of trade was a machine gun. But in today's cybercrime era, the weapon of choice for "John Dillinger" is an MSR206, a card-writing machine used for encoding bank account numbers and other data onto the magnetic stripe of bank credit and debit cards.

Matth · Jul 31, 2006, 03:15 PM

Once chip & pin is establishished, validity of the magnetic stripe needs to be terminated as soon as possible.

The security of mixed mode chip/stripe & pin is no better, in fact probably worse, than old style stripe & signature.

Jul 31, 2006, 02:03 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Confessions of a Cybermule Source: Wired News ___________ John Dillinger was a bank robber whose tool of trade was a machine gun. But in today's cybercrime era, the weapon of choice for "John Dillinger" is an MSR206, a card-writing machine used for encoding bank account numbers and other data onto the magnetic stripe of bank credit and debit cards.

Jul 31, 2006, 03:15 PM	#2
Matth Flash Banner Hater Join Date: Jun 2002 Location: UK Posts: 3,426 Rep Power: 93 System Specs	Once chip & pin is establishished, validity of the magnetic stripe needs to be terminated as soon as possible. The security of mixed mode chip/stripe & pin is no better, in fact probably worse, than old style stripe & signature. __________________ Mary had a little lamb, Her father shot it dead Now Mary takes her lamb to school, Between two crusts of bread