Submission + - New Credit Card Fraud Risk Found by Researchers
An anonymous reader writes: Researchers from the University of Cambridge have discovered flaws in the card payment systems used by millions of customers worldwide. Ross Anderson, Saar Drimer, and Steven Murdoch demonstrated how a simple paperclip can be used to capture account numbers and PINs from so-called "tamper-proof" equipment. In their paper (PDF), they warn how with a little technical skill and off-the-shelf electronics, fraudsters could empty customers' accounts. British television featured a demonstration of the attack on BBC Newsnight.
The story has been featured on The Register, The New Scientist and many other outlets.