By Ionut Arghire on August 28, 2020
Researchers with ETH Zurich have identified vulnerabilities in the implementation of the payment card EMV standard that allow for the mounting of attacks targeting both the cardholder and the merchant.
In a newly published paper, David Basin, Ralf Sasse, and Jorge Toro-Pozo from the department of computer science at ETH Zurich, explain that vulnerabilities identified in the standard EMV implementation could be exploited to render the PIN verification useless on Visa contactless transactions.
Developed in the mid-90s and named after its founders (Europay, Mastercard, and Visa), EMV is the international standard for smartcard payments, being used in over 80% of card-present transactions worldwide.
