Finance Roadmap » pin http://www.financeroadmap.co.uk Finance blog Wed, 17 Jun 2009 04:38:00 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Hackers find how to steal PIN numbers http://www.financeroadmap.co.uk/311-hackers-find-how-to-steal-pin-numbers.html http://www.financeroadmap.co.uk/311-hackers-find-how-to-steal-pin-numbers.html#comments Thu, 16 Apr 2009 04:25:42 +0000 David Allen http://www.financeroadmap.co.uk/?p=311 It used to be that hackers who wanted o steal PIN numbers would have to do this one by one; this would normally mean that they would have to use skimming, cameras fitted to ATM machines or by phishing attacks.

However, in the US it has been found that when a PIN number in entered the data is transmitted to the bank, this is encrypted and therefore believed to be ultra safe. Yet it seems that hackers have been able to decrypt these transmissions and therefore manage to collect PIN number wholesale.

If this is true and there is no reason to think that it is not, then this could be another serious flaw within the banking system and could affect the way that people go about doing their shopping and paying for other services.

Source [Wired]

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