Flaws Allow Hacker to Bypass Card Limits
New research by Positive Technologies has uncovered serious vulnerabilities that can enable threat actors to bypass payment limits during contactless payments. The flaws, which were tested for five UK banks but also for terminals in other countries, could allow hackers to steal unlimited amounts from contactless cards.
Tim Yunuso of Positive Technologies warned that “the payment industry believes that contactless payments are protected by the safeguards they have put in place, but the fact is that contactless fraud is increasing.”
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