Supply Chain Attack Targets Chip and PIN

What was once regarded as the final solution to credit card and debit fraud has become a valuable lesson learned in the creativity, resources and capability for organized fraudsters to overcome fraud barriers. This is not another article talking about the shift in fraud from card present carding to cross border eCommerce fraud. According to US National Counter Intelligence, hundreds of chip and pin machines in stores and supermarkets across Europe have been rigged by fraudsters to send sensitive information overseas to fraudsters. The doctored machines were highly sophisticated and believed to have been infected when being built in China, before they left the production line. Security experts stated the scope of the crime was once only believed to be executed by a nation state’s intelligence service. What some may still regard as a full-proof system is anything but…