Hackers Can Now Bypass PIN Codes on Mastercard and Maestro Contactless Cards

Contacless Mastercard and Maestro PINs can be bypasses due to a new vulnerability discovered by Swiss College of Engineering in Zurich, according to Cybersecurity News.  The key aspect of the flaw is that it allows thieves to use a hacked Mastercard or Maestro card to make contactless payments without having to input the PIN to complete the transaction, if properly exploited. Properly in this case entails first installing dedicated software on two Android smartphones. One device is used to simulate a point of sale terminal being installed, while the other acts as a card emulator that allows the modified transaction information to be transmitted to a real point-of-sale device. Once the card initiates a transaction, it reveals all related information. To avert further attacks, security experts will not reveal the app in question  Experts from ETH Zu...