GoFuckYourself.com - Adult Webmaster Forum - View Single Post - If you've used your ATM card at a 7-11 in the USA you're fucked

dready · 07-02-2008, 08:47 AM

Holy shit, that is fucking huge. It just goes to show the inherent insecurity in the current ATM system. Magnetic stripe cards are 40 year old technology and it just can't keep up against modern threats. The banks have known about this for 20 years or so and still do nothing to upgrade.

The ISO working group that originally created the standards knew there was only one flaw that could bring down the system, that is; lack of customer faith in the system. That day seems to be approaching quickly.

07-02-2008, 08:47 AM
dready Confirmed User Industry Role: Join Date: Oct 2002 Location: Toronto, ON Posts: 5,247	Holy shit, that is fucking huge. It just goes to show the inherent insecurity in the current ATM system. Magnetic stripe cards are 40 year old technology and it just can't keep up against modern threats. The banks have known about this for 20 years or so and still do nothing to upgrade. The ISO working group that originally created the standards knew there was only one flaw that could bring down the system, that is; lack of customer faith in the system. That day seems to be approaching quickly. __________________ ICQ: 91139591