Magnetic strip security

The errors allowed attackers to obtain full control over a terminal, intercept a PIN code and data needed to clone the magnetic strip of a bank card, send requests for withdrawing any amount of money to an acquiring bank, and conduct other attacks. The manufacturer released software updates for the vulnerable devices. Ingenico is a leading global manufacturer of POS terminals. The company releases over 9 million POS terminals annually, and the number of Ingenico payment card readers exceeds 32 million worldwide.
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magnetic security strips

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MagSpoof Wirelessly Emulates Magnetic Stripes, Credit Cards

So what kind of information is being stored on that magnetic stripe? Not very exciting, really. Your name, address, height, weight, eye color, birth date, sex, license number and expiration date is all stored on that magnetic stripe. That information is available to police officers, court and government agencies, and — under limited circumstances — to insurance companies and new employers verifying information. But when you hand over your license voluntarily, everything on the front, is on the strip, and all of that information can be gathered.
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Magnetic Stripe Card

The present invention relates generally to magnetic sensor strips, and more particularly, to devices and methods suitable for deactivating such strips, especially security strips, regardless of the orientation of those strips. In order to combat the ever-present threat of shoplifting, many retailers employ theft detection systems which can sense the passage of a security element attached to or embedded in the goods to be protected. The security elements found in the displayed merchandise are constructed such that if they are removed from the store, the theft detection system, which is preferably located at all of the store exits, senses their passage out of the store and triggers a suitable response.
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The U. Why hasn't the U. Criminals may have stolen information from 40 million credit and debit cards used at Target. A possible weakness? The magnetic stripe on credit cards — which fraudsters can pull credit card numbers and expiration dates from to make counterfeit cards.
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