New security flaw in credit card chip system revealed

first_img Author: CNN Newssource SHARE LAS VEGAS (CNN) — Computer researchers claim to have found yet another flaw in the upgrade to the chip-based credit cards in the United States.The chip on these credit cards have been praised for making them nearly impossible to counterfeit. While the cards also contain a magnetic strip, that strip is supposed to tell the payment machine to use the chip.But there’s a relatively easy way to knock down that safeguard.Computer security researchers at the payment technology company NCR demonstrated how credit card thieves can rewrite the magnetic stripe code to make it appear like a chipless card again. This allows them to keep counterfeiting — just like they did before the nationwide switch to chip cards.They presented their findings at the Black Hat computer security conference on Wednesday.This claim of a glaring hole in EMV, the chip-based system, is possible because of the way many retailers are upgrading their payment machines: They’re not encrypting the transaction.“There’s a common misperception EMV solves everything. It doesn’t,” Patrick Watson, one of the researchers, told CNNMoney.On Thursday, a banking and retail industry group that monitors the EMV system cast doubt on the theory.“If the data on the magnetic stripe is altered it might fool the terminal,” said U.S. Payments Forum director Randy Vanderhoof. But on the back end, the system would “reject the transaction.”But the discovery of this possible flaw bolsters the retail industry’s complaints against the upgrade, which was forced upon shops by banks.The National Retail Federation has long complained about the upgrade, which is estimated to cost American retailers $25 billion.This latest research shows that retailers could spend millions of dollars upgrading to EMV and still not protect their customers from a massive credit card theft like the Target and Home Depot hacks two years ago.Adding to the problem, payment terminal makers keep producing machines that don’t have the encryption by default.And vendors who sell and install these machines at shops don’t simply flip the switch and turn on encryption. Retailers have to pay extra for basic security.The major machine makers, Verifone and Ingenico, both asserted they offer point-to-point encryption on retailer’s machines — but it’s up to retailers and their partners to turn it on.Currently, retailers focus on protecting the computer network that support their payment system. But that leaves the actual conversation between your credit card and the machine in plain text, readable to any hacker who breaks into the system.It’s a mistake, said Mike Weber, vice president at the IT auditing firm Coalfire.“They’re assuming the environment is OK,” he said. It’s not.During their presentation, the NCR researchers advised shops to “encrypt everything” in a transaction. They also said consumers should pay with special apps on their phones and watches whenever the high tech option is available. Do you see a typo or an error? Let us know.center_img Published: August 4, 2016 3:18 PM EDT New security flaw in credit card chip system revealed last_img read more

Minister advises against malicious use of ICT

first_img Share Minister for Information, Science, Telecommunication and Technology, Kelvar DarrouxMinister for Information, Science, Telecommunication and Technology, Kelvar Darroux has advised the youth to abstain from using the internet and technology for malicious purposes.Speaking at a site visit of the ICT Centre for Excellence and Innovation at the Dominica State College’s Stockfarm Campus on Wednesday 15 July 2015, the minister emphasized that the internet and technology should be used in a positive way.“Too many times we have heard stories of our young people using technology destructively, that is to say to bring down each other, and to probably post information that should not go out there,” Minister Darroux said.“Anytime you send a picture or any form of information that may be derogatory, it goes out there, becomes viral and the entire world sees it,” he continued.The Minister therefore urged the youth to be careful with the information that they share.He added that the government will continue to work with the relevant sectors and non-governmental organizations to ensure that the country is seen in a positive light as it relates to technology. Mr Darroux informed that they will work with the National Telecommunications Regulatory Commission (NTRC) to launch a wireless network in the Botanical Gardens so that “everyone will have access to this network and you can come and relax in the Gardens.He added that they are looking at other areas in the City and will soon be exploring areas in the country where wireless networks. “This is all in an effort to make broadband available to the nation as much as possible. We will continue to work with the service providers to ensure that this is possible as well because they too have their part to play,” Minister Darroux said. He added that the government will play its part to make Dominica one of the hubs for ICT within the region. 83 Views   one comment Share Tweetcenter_img Share Sharing is caring! LocalNews Minister advises against malicious use of ICT by: Dominica Vibes News – July 16, 2015last_img read more

One eye good enough for one brave horse in Kentucky Derby

first_img GET THE BEST OF THE JAPAN TIMES That’s how Saturday’s Kentucky Derby will look and sound to a long gray colt with one good eye named Storm in May.“He’s been that way since a week after his birth,” trainer Bill Kaplan said Friday morning as a thick mist blanketed the backstretch at Churchill Downs.A few yards away, the colt bent over and nibbled at the grass, his right ear cocked to track nearby sounds like a radar.“The blessing is that he doesn’t know he’s different than anyone else,” Kaplan said.The betting public does, though, which helps explain why a horse that’s won four times and finished in the money in 12 of 13 career races will go off at 30-1 odds. History isn’t on Storm in May’s side, either.Twice in the last 25 years, one-eyed thoroughbreds have cracked the Derby lineup and crossed the wire covered more in dirt than glory. Cassaleria finished 13th in 1982 and Pollard’s Vision shuffled home 17th in 2004.“I’m one of those people who don’t believe anything happens by chance,” said Kent Hersman, a chief warrant officer in the U.S. Army who bred and trained Storm in May before selling him as a 2-year-old. “So maybe there’s somebody out there that needs to see this horse do well.“From time to time, everybody takes a bad hit in life. Storm is that inspiration that says, ‘Get back up and give it your best shot.’ Because if nothing else,” Hersman added, “he’ll teach you to enjoy the trip.”And it’s been a remarkable enough journey already.There were 34,642 horses foaled in 2004, and who knows how many of those were pointed down the road that ends at the finish line of Churchill Downs. Storm in May, a grandson of Storm Cat and a great-grandson of Triple Crown winner Secretariat, was born with a pedigree worthy of a Derby horse, but that wasn’t all. A corneal ulcer in his right eye required an operation almost immediately after birth.That surgery went well enough, but several days later, a veterinarian trying to clear up a complication inadvertently punctured the eye. The only consolation was that the vision in Storm in May’s left eye was perfect. “And as long as he knows where the rail is,” Kaplan explained, “he won’t get pushed into it or jump it. The rest of the trip he can figure out for himself.”Just about anybody else would have given up on ever racing the colt then. Hersman, though, had bought the mare who carried Storm in May and used a technique called “imprint training” on the foal from birth. The training method stresses touching, stroking and constantly soothing the young horse right out of the womb to familiarize it with being handled and thus accelerate the learning curve.Hersman knew there was no recouping his investment at a yearling sale, no matter how good Storm in May’s bloodlines or temperament. So he sent the horse to an Ocala, Fla., training school run by John and Jill Stephens who, unbeknownst to Hersman, were already training a promising young colt named Barbaro. It was the first, but not the last time Storm in May followed in Barbaro’s footsteps.“As little omens go, we’ve got the same barn he had and Storm in May sleeps just two stalls over from Barbaro’s,” said Teresa Palmer, who along with husband, David, owns a half-share in the horse. “Then we found out about the training connection.”So did Kaplan, who called the Stephens’ with just one question: Was Storm in May that good?“Maybe not,” Kaplan recalled Stephens saying. “But he’ll get you there.”With that endorsement and a few workouts upon which to base his judgment, Kaplan forked over $16,000 for the 2-year-old horse, then phoned the Palmers on Derby Day a year ago to offer them a share. Kaplan told them he was keeping 25 percent and another 25 percent was held by his girlfriend and sometimes-exercise rider Felicity Waugh. He knew the Kaplans had a fondness for gray colts and touted the price. IN FIVE EASY PIECES WITH TAKE 5center_img LOUISVILLE, Ky. — Cover your right eye.Now imagine being loaded into a starting gate alongside the best thoroughbreds in the land. The gate flings open and just ahead and to either side, 19 other horses are jostling for position as the first turn draws near. Then add 100,000 or so railbirds in full roar, throwing off as many decibels as a jet engine on takeoff.last_img read more

Second half defense leads OV past Montague in non-conference boys basketball matchup

first_img Inappropriate / Offensive Displayed poorly Share 50PC Disposable Face MàSc/Mack Anti-Dust … Bestseller Add Comments (Max 320 characters) Shop Now (7802) Thank you! This will help us improve your ad experience. We will try not to show you such ads again. ENDS IN Not relevant $15.29$17.99 Other DEAL OF THE DAY Displayed poorly Add Comments (Max 320 characters) Bestseller Mail Shares Ads by Amazon $0.00 Twelve Bestseller × Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Report a problem This item is… ENDS IN Displayed poorly Add Comments (Max 320 characters) Bestseller Other ENDS IN Add Comments (Max 320 characters) ENDS IN DEAL OF THE DAY Other Displayed poorly MIRITY Women Racerback Sports Bra… Report a problem This item is… Displayed poorly Other DEAL OF THE DAY Other × DEAL OF THE DAY Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Inappropriate / Offensive (34271) DEAL OF THE DAY × × Report a problem This item is… (2) Add Comments (Max 320 characters) LocalSportsJournal.comOrchard View defense helped erase a 16-point second half deficit to top host Montague in a non-conference boys basketball matchup on Tuesday.The Cardinals held Montague to just 14 second half points after trailing 17-5 to start the second quarter and 35-23 at halftime.Edmari Mitchell had a team high 14 points for the Cardinals. Ke’ontae Barnes followed with 11 points while Dietrich Thornton had nine points and seven assists.Sebastian Archer and Kenyan Johnston paced the Wildcats with nine points each. Drew Collins and Peyton Burton each added eight points for Montague. Bestseller FOX Sports: Stream live NFL, College Footbal… Not relevant Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Inappropriate / Offensive Fox Sports Go Add Comments (Max 320 characters) Bestseller × × Ads by Amazon × $0.00 Share (822) Not relevant ENDS IN $9.99 Not relevant NBC Sports Displayed poorly Report a problem This item is… ENDS IN Not relevant DEAL OF THE DAY Bestseller Not relevant Other ENDS IN (31628) Inappropriate / Offensive $49.95 (17612) DEAL OF THE DAY Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Not relevant (117) The Sports Gene: Inside the Science of Extr… Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Inappropriate / Offensive Inappropriate / Offensive Displayed poorly Report a problem This item is… Add Comments (Max 320 characters) Bestseller $14.99$18.00 Other Inappropriate / Offensive $37.99 ENDS IN Thank you! This will help us improve your ad experience. We will try not to show you such ads again. $0.00 Report a problem This item is… Report a problem This item is… Inappropriate / Offensive Not relevant Displayed poorly Add Comments (Max 320 characters) The League 0 Other × (657) DEAL OF THE DAY Report a problem This item is…last_img read more