The paper that I am using for this report is titled “Chip and Skim: cloning EMV cards with the pre-play attack”. This paper is written by Mike Bond, Omar Choudary, Steven J. Murdoch, Sergei Skorobogatov, and Ross Anderson of the University of Cambridge. The purpose of the paper is to point out the flaws with EMV technology. The paper starts out by giving a brief historical overview of EMV. They then discuss the technical details of how EMV works and how it can be exploited. This discussion is followed by examples of how the authors tested and experimented with how EMVs work with ATMs. The authors then describe the flaws that have been discovered in the protocol that is used for EMV followed by some possible way to defend against the exploits. To end the paper the authors provide a conclusion that sums up their findings and recommendations.
Named after the creators, Europay, Mastercard and Visa, EMV is a worldwide standard for secure credit and debit card payment transactions. EMVCo was founded in 1999, by Europay, Mastercard and Visa, with the goal to develop and manage the EMV standards and documents. Now EMVCo consisted of American Express, Discover, JCB, Mastercard, UnionPay, and Visa. …show more content…
This technology was developed to replace magnetic strip cards and to increase security of credit card and debit card transaction. Card data for magnetic strip cards is static and stored on the card itself making it easier you clone and use it for fraudulent activity. In contrast smart card data is dynamic and each transaction creates has unique transaction data (unique transaction Code). For added support that transaction may also require a Pin or a signature. Because course of this the technology is often referred to as chip and pin or chip and
Named after the creators, Europay, Mastercard and Visa, EMV is a worldwide standard for secure credit and debit card payment transactions. EMVCo was founded in 1999, by Europay, Mastercard and Visa, with the goal to develop and manage the EMV standards and documents. Now EMVCo consisted of American Express, Discover, JCB, Mastercard, UnionPay, and Visa. …show more content…
This technology was developed to replace magnetic strip cards and to increase security of credit card and debit card transaction. Card data for magnetic strip cards is static and stored on the card itself making it easier you clone and use it for fraudulent activity. In contrast smart card data is dynamic and each transaction creates has unique transaction data (unique transaction Code). For added support that transaction may also require a Pin or a signature. Because course of this the technology is often referred to as chip and pin or chip and