This evening (Monday 26th October 2009, at 19:30 UTC),
BBC Inside Out will show Saar Drimer and I demonstrating how the use of smart card readers, being issued in the UK to authenticate online banking transactions, can be circumvented. The programme will be broadcast on BBC One, but only in the East of England
and Cambridgeshire, however it should also be available
In this programme, we demonstrate how a tampered Chip & PIN terminal could collect an authentication code for Barclays online banking, while a customer thinks they are buying a sandwich. The criminal could then, at their leisure, use this code and the customer’s
membership number to fraudulently transfer up to £10,000.
Read more at Light Blue Touchpaper...