Flaw Found in Visa's New Chip-N-PIN System Allowing a Simple Bump to Steal One Million Dollars
Published in News

It would seem that even the next generation of “secure” payment systems are showing up with flaws before they really hit the streets. According to security researchers there is a flaw in the next generation of electronic payments dubbed chip-n-PIN. This new technology has been hailed as the more secure means of using your cash without all the worry of swipe fraud or other hassles of using the more traditional magnetic cards. However, as with far too man y technologies these days, someone missed a rather big loophole for the bad guys to exploit