ATM Security Weaknesses Publicised Again

I see that Cambridge University have hit the news again with claims of flaws in Chip and PIN reader technology.

All commercial systems have security weaknesses. They are a compromise between cost and potential losses. We don’t always get it right. Sometimes we spend too much, sometimes too little. What counts is whether the weaknesses actually lead to losses, and there’s no evidence that any attacks of this nature are being mounted or contemplated.

But regardless of that, it’s irresponsible to publicise weaknesses that cannot be readily addressed in systems affecting millions of customers.

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