The cybersecurity researchers have recently detected a threat attack that could easily enable the threat actors to trick a point of sale terminal into compromising with a victim’s Mastercard contactless card while considering it to be a Visa card.
The research has been published by a group of academics from ETH Zurich and reported the threat last September. EMV was prepared after its founders, which are Europay, Mastercard, and Visa; it’s the international protocol standard for in-store smartcard payment.
EMV was announced to run in over 9 billion credit and debit cards worldwide in the month of December 2019. Although having the standard advertised security, has solved several issues that have been earlier revealed.
Attack Demonstration
The experts have acquired a proof-of-concept Android application to demonstrate the attack. The app that has been developed by the experts has implemented the attacks like man-in-the-middle attacks built on top of a relay attack structure,…