Hack In, Cash Out. Adventures in the World of Transaction Fraud
Date: 14th Oct – MondayTime: 14:30-15:30Location: Ballroom A
Attacks on payment infrastructures are incredibly popular and many hackers are chasing easy money. On the other hand, payment security does not stand still – EMV, mobile wallets, bitcoin, digital banks without branches, business accounts opened in 1 day. We live in an era of digital technology that protects us from hackers. But does it? Each technology has been examined under the microscope and received its own attack, executed not only on the academic paper but also in the real world by real fraudsters. Over the past 2 years, our team has been successfully debunking the security myths about NFC, EMV, POS terminals, and ATMs. We will show how easy it is to steal money from a bank card, the money that the customer sometimes doesn’t even have in the account. Why isn’t the payment industry trying to take care of its customers’ security more than required by risk management and is waiting for problems to occur, without worrying about attacks that “haven’t arrived yet”?