PAYMENT CARDS COUNTERFEITING METHODS AND PIN UNCOVERING




Abstract:
The problem of counterfeiting payment cards represents a significant issue for banks. So far, attackers have successfully forged cards with a magnetic stripe while no chip card has been counterfeited yet. On magnetic stripe cards Personal Identification Number - PIN value is not successfully reconstructed, thus limiting the use of counterfeit cards, while on the card with a chip attackers try programming the chip to give an affirmative answer to every request. The goal of this paper is to show that it is possible to discover the PIN value from the data on the magnetic stripe and thus compromise the chip itself if it is a card with a chip. Taking into account the results of this work a bank should become aware of the vulnerability of cards and discuss new methods of protection.

CITATION:

IEEE format

G. Kunjadić, M. Veinović, M. Milosavljević, “Payment Cards Counterfeiting Methods and Pin Uncovering,” in Sinteza 2017 - International Scientific Conference on Information Technology and Data Related Research, Belgrade, Singidunum University, Serbia, 2017, pp. 63-67. doi: 10.15308/Sinteza-2017-63-67 

APA format

Kunjadić, G., Veinović, M., Milosavljević, M. (2017). Payment Cards Counterfeiting Methods and Pin Uncovering. Paper presented at Sinteza 2017 - International Scientific Conference on Information Technology and Data Related Research. doi:10.15308/Sinteza-2017-63-67

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