A DODGY new device can clone up to 15 contactless bank cards every second. Crooks use the hi-tech hacking unit to fund shopping sprees using stolen details. The scanner skims details from the credit and debit card of people standing nearby.
The fraudster said: “This is the first contactless bank card hacker being sold on the black market.
“We designed and developed it. It can read any bank card from 8cm away and will read 1024 bytes per second, which is equivalent to 15 bank cards per second.
“All you have to do is be in close proximity to groups of people with contactless cards – that’s around half of all debit card holders – and you’re in.”
The former villain, who now runs a retail fraud prevention company in Bexleyheath, south London, said: “This is one of the fastest growing and most lucrative credit card frauds and it’s hard to stop.
“Kits like the ones you have seen are now being distributed en masse, especially around the capital, and are easily available on encrypted online market places.”
GETTYBLACK MARKET: The machine is the first of its kindThere are 31million credit cards now in circulation and 95.7million debit cards – half of them contactless.
Spending on tap-and-go cards – which now have a £30 spending limit – rose to almost £7.8billion last year.
Source:https://www.dailystar.co.uk/
Working as a cyber security solutions architect, Alisa focuses on application and network security. Before joining us she held a cyber security researcher positions within a variety of cyber security start-ups. She also experience in different industry domains like finance, healthcare and consumer products.
