Chip and Pin technology is "unsafe"

Boffins have found a flaw in the chip and pin system that means the whole thing needs re-working, according to BBC TV programme Newsnight. That’s where the video report is..At the Newsnight link.

Scientists at a Cambridge team found a flaw, said Ross Anderson, talking to the BBC.

A stolen bank card is wired up to software tricking terminals into thinking that a PIN number works.

In the BBC experiment, four different cards were chosen at random. The UK Cards Association reckoned the flaw wasn’t a flaw at all, but didn’t answer BBC questions about whether or not the 0000 Pin number used seems to have been recognised by the banks.

How re-assuring.