BANCI | ENGLISH

Contactless payment cards: research highlights security concerns

Autor: Bancherul.ro
2013-11-03 18:20

Warnings about the use of contactless payment cards and Near Field Communication (NFC) capable devices are raised in a study published today by the Institution of Engineering & Technology’s (IET) The Journal of Engineering.

A team of researchers from the University of Surrey successfully received a contactless transmission from distances of 45-80cm using inconspicuous equipment, highlighting security concerns to personal data.
NFC technology is in use on more recent mobile phones and on contactless debit/credit cards issued by UK banks.

The team used portable, inexpensive and easily concealable equipment including a pocket-sized cylindrical antenna, a backpack, and a shopping trolley, none of which would raise suspicion if used in a supermarket queue or in a crowded place.
Using this equipment, the team showed how reliably eavesdropping could be carried out at various distances, with good reception possible even at 45cm when the minimum magnetic field strength required by the standard is in use.

The implications for consumers are significant. “The results we found have an impact on how much we can rely on physical proximity as a 'security feature' of NFC devices", said lead academic supervisor, Dr Johann Briffa. "Designers of applications using NFC need to consider privacy because the intended short range of the channel is no defence against a determined eavesdropper.”

Eleanor Gendle, IET Managing Editor at The Journal of Engineering, said: “With banks routinely issuing contactless payment cards to customers, there is a need to raise awareness of the potential security threats. It will be interesting to see further research in this area and ascertain the implications for users of contactless technology with regards to theft, fraud and liability.”

According to Paul Krause, Professor of Software Engineering at the University of Surrey, “Open access is vitally important in order to ensure that the results of publicly funded research are made available to all. It is particularly important for the stimulation of innovation in engineering where new enterprises may not have the financial resources to pay for a range of journal subscriptions. The IET has taken a very significant initiative in establishing a high quality open access journal that covers all aspects of engineering in one resource.”

See here de press release

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

21.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Jean-Luc GRASSET, Director general adjunct, Coordonator Pol Resurse Membru in Comitetul de Directie
BRD

... vezi profil

Toate Profilele

Profil de Banca

Banca Transilvania

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

LOAN OFFER
Buna ziua Aceasta pentru a informa publicul larg că oferim împrumuturi celor care au nevoie de ... detalii
!
Greu cu limba romana! Ce legatura are cuvantul "ecosistem" din limba romana cu sistemul de plati ... detalii
Bancnote vechi
Am 2 bancnote vechi:1-1000000lei;2-5000000lei Anul ... detalii
Bancnote vechi
Numar de ... detalii
Bancnote vechi
Am 3 bancnote vechi:1-1000000lei;1-5000lei;1-100000;mai multe bancnote cu eclipsa de ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126