Want to go cashless? Beware: Your credit card can be hacked in 6 seconds

SHARE:

Research suggests that 'distributed guessing attack' circumvents all security features meant to tackle online fraud. It can take hackers just six seconds, a laptop and an internet connection to hack any Visa credit or debit card, new research has revealed.

Research suggests that 'distributed guessing attack' circumvents all security features meant to tackle online fraud.

credit-card-news-2017

It can take hackers just six seconds, a laptop and an internet connection to hack any Visa credit or debit card, new research has revealed.

The research, published in the journal "IEEE Security and Privacy", said that the "distributed guessing attack" circumvents all the security features put in place to protect online payments from fraud.

Neither the network, nor the banks are able to detect attackers making multiple, invalid attempts to get payment card data.

The current online payment system does not detect multiple invalid payment requests from different websites.

This allows unlimited guesses on each card data field, using up to the allowed number of attempts - typically 10 or 20 guesses - on each website, explained by Mohammed Ali, a PhD student in Newcastle University.

"Different websites ask for different variations in the card data fields to validate an online purchase.

"This means it's quite easy to build up the information and piece it together like a jigsaw," Ali added.

The combination of these two factors -- unlimited guesses and variation in the payment data fields -- makes it easy for attackers to hack all the card details.

Each generated card field can be used in succession to generate the next field and so on.

"If the hits are spread across enough websites then a positive response to each question can be received within two seconds - just like any online payment," Ali warned.

The researchers explained that even starting with no details at all other than the first six digits -- which tell you the bank and card type -- a hacker can obtain essential pieces of information.

These are-- card number, expiry date and security code -- to make an online purchase within as little as six seconds.

Researchers believe this 'guessing attack' method could have been used in the recent Tesco cyber attack where the hackers defrauded customers of 2.5 million pounds.

The risk is higher at this time of the year as many people are making online purchases ahead of Christmas.

However, researchers found that unlike Visa cards, MasterCard's centralised network was able to detect the guessing attack after less than 10 attempts- even when those payments were distributed across multiple networks.

The researchers suggested that to minimise the chances of hacking, card-holders should use just one card for online payments and keep the spending limit on that account as low as possible.

"If it's a bank card then keep ready funds to a minimum and transfer over money as you need it," said Martin Emms, co-author of the research.

Source; Business Standard

COMMENTS

Name

7th CPC Notification,16,8th,41,Accountant,78,Administrative,17,Admission,9,Admit Card,18,Advisor,6,Agriculture,25,AIIMS,32,All India,270,ALP,1,Andaman and Nicobar,5,Andhra Pradesh,42,ANM,6,Apprentice Posts,43,APPSC,11,APSC,7,Architect,3,Army,29,Arunachal Pradesh,3,ASM,3,Assam,50,Assistant,308,Audit Officer,10,Aviation,29,Ayurvedic,4,B Arch,18,B Com,387,B Ed,75,B Pharma,39,B Sc,499,B Tech,423,BA,373,Bank,134,BARC,1,BBA,2,BCA,72,BDS,40,BE,173,Bihar,43,BPSC,1,BSF,17,BSSC,4,CA,70,CAPF,23,Carpenter,7,CAT,1,Central Govt,447,CEO,6,CGPSC,11,Chandigarh,8,Chhattisgarh,40,CISF,3,Civil,17,Clerks,202,CMA,5,Commander,4,Computer Operator,9,Computer Science,21,Constables,70,Consultant,3,Cook,13,Coordinators,1,Counsellor,6,Court,57,CPSE,1,Crane Operator,1,CRPF,33,CS,25,CSIR,4,Delhi,116,DEO,88,Dev University,6,DFCCIL,2,DGT,1,Diploma,288,Director,14,Disability,1,Disaster Management Institute,1,Distric Consultant,1,Distric Programme Officer,2,DNB,15,Doctor,55,DRDO,4,Drivers Job,48,DSSSB,2,DTL,1,DTP Operator,1,Dy.Surveyor,2,ECL,1,Economics,2,Editor,1,Electrical,45,Electrician Job,46,Electronics,23,Engineer,309,Engineering Services Examination,14,Entrance Examination,1,EPFO,4,EPI,1,ESIC,33,Ex-servicemen,2,exam,60,Examination,14,Executive,17,Executive Trainee,8,Finance Manager,7,Financial,4,Financial Job,7,Fire Station Officer,3,Fireman,19,Fitment Formula,1,Fitter,29,FLC Co- cordinators,1,FOR BANKS,2,FOR CLERK,2,FOR CLERK. FOR BANKS,1,FOR OTHER EXAM.,3,FOR PO,3,Foremen,8,Forest Guard,2,Gail India,2,GATE,20,GCECT,1,GDMOs,1,General Central Services,1,Geologist,7,Geophysicist,1,GITAM UNIVERSITY,3,GK,3,Goa,13,Goods Guard,2,Government Job,24,Govt Staff news,28,GPSC,12,Grade-IV (DASS),1,Graduate,686,Graphic,2,Greeting,2,Group C,1,Group D,1,GS,1,GSL,1,GSSSB,12,Gujarat,68,Haryana,73,Hawaldar,1,HCL,4,Health Inspector,1,Himachal Pradesh,42,Hindi Translator,3,Home Science,1,Hospital,12,Hot,26,HPCL,1,HPGCL,1,HPL India,1,HPPSC,7,HPSC,11,HPSSB,1,HPSSC,1,HRTC,3,HSSC,10,Human Resource,2,Hyderabad,14,IBPS,6,ICAR,2,ICMR,3,ICSI,8,ICWA,45,IDPL,1,IGNOU,1,IIA Bengaluru,2,IIM,6,IIM Kozhikode,1,IISER,12,IIT,13,IIT Bombay,23,IIT Guwahati,2,IIT Kharagpur,4,IIT Mandi,5,Implementation of 7th CPC,11,India Post,9,indian Air Force,12,Indian Army,48,INDIAN COST GUARD,3,Indian Economic Service,11,indian forest service,19,Indian Navy,28,Indian Ordnance Factories,13,Indian Statistical Service,11,Indra Gandhi National University,1,Inspector,38,Institute,1,Instructor,8,Intelligence Bureau,5,Intermediate,458,International Jobs,5,Interview,26,Investigator,3,IOC Limited,17,IRCON,1,IREDA,1,ISRO,7,IT,14,ITBP,14,ITDC,1,ITI,121,ITI LIMITED,2,J & K,7,Jammu & Kashmir,18,JCM,2,Jharkhand,48,JKPSC,3,JKSSB,3,JNU,1,Job News,138,Journalist,1,JPSC,6,Jr. Officer,3,JRF,4,JSLPS,2,JSSC,9,JTO,1,Judge,7,Judicial Service Examination,3,July,7,Junior Assistant,17,Junior Engineer,40,Junior Overman,3,Junior Research Fellow,18,Junior Resident,8,Junior Superintendent,2,Junior Technician,2,junior telecom officer,2,Kandla Port Trust,2,Karnataka,71,Kerala,36,Kerala PSC,2,Kochi,3,Kolkata,16,Kolkata Police Recruitment Board,1,Kolkata Port Trust,4,KPCS,4,KPSC,10,KRCL,1,KSINC,1,KVB,1,KVS,2,Lab Assistant,29,Laboratory Assistant,11,Labrary Science,1,Lady Constable,1,Law,53,LAWYER,5,LDC,132,Lecturer,15,Legal,5,Legislative Assembly Secretariat,1,Librarian,13,Library Assistant,4,LIC,3,Life Sciences,1,LLB,21,Lok Sabha,2,Ltd. Company,159,Lucknow,2,Lucknow Metro Rail Corporation Limited,2,m,1,M A,3,M Ed,32,M Phil,17,M Tech,1,M. Com,94,M.A,77,M.Com,19,M.SC.,216,M.Tech,246,MA,15,Madhya Pradesh,61,Maharashtra,139,Mali,3,Management Trainee,14,Manager,147,Manipur,8,Marketing Executive,6,Master Degree,32,Matric,361,Matron,1,MBA,107,MBBS,140,MCA,66,MD,72,MDNL,1,ME,137,Mechaniical,48,Medical,14,Medical Officer,67,Medical Professional,1,Medical Superintendent,4,Meghalaya,11,MES,2,Metro Rail,14,MIDHANI Crane Operator,1,minimum wages,2,Mining Sirdar,8,Ministry of Defence,9,Mizoram,4,MMRCL,1,Model Question,1,Motor Vehicle Inspector,2,MPCDF,1,MPPKVVCL,3,MPPSC,8,MPSC,10,MS,28,mtnl,3,mts,57,Mumbai Port Trust,4,Mysore,1,Nagaland,2,NALCO,2,National Defence Academy,21,NBAGR,2,NCBB,1,NCC,1,NCERT,7,NCLAS,1,NCPIL,1,NDM,1,NDMA,1,NDMC,1,NEIAH,1,NET,27,New Delhi,18,NFC,2,NHAI,2,NHB,1,NHM,15,NIELIT,1,NIFT,2,NIPER,3,NIRM,1,NISG,1,NIT,9,NJA,1,Notice,7,NPCIL,3,NPSC,1,NTPC Limited,5,NTRO,1,NTSE,1,Nurse,62,Nursing,17,Nutrition Counselor,1,Odisha,70,Odisha Gramaya Bank,1,Odisha Police,1,Office Assistant,29,Office Superintendent,2,officer,203,ONGC,4,Operator,13,OPSC,7,Ordnance Depot,3,Oriental Bank,2,OSSC,10,OSSSC,3,OT Technicians,1,Overseer,5,Para-Military,1,Paramedical Staff,8,Pathology,2,Patwari,6,PEC LTD,1,Pension,1,Pension Revision,1,Peon,45,PFC Consulting Ltd,1,PG Degree,261,PGDCA,4,PGDCA/ DOEACC,5,PGIMER,3,PGIMS,2,PGVCL,3,Ph D,52,Pharmacist,23,Phycial Research Laboratory,1,Pilots,3,Plumber,6,Police,80,Polytechnic,1,Port Trust,1,Post Graduate,43,Postman,11,PPSC,8,Prasar Bharti,1,Private Jobs,26,Private Secretary,2,Probationary Officer,9,Probationary Officers,10,Professor,65,Programme Assistana,1,Programme Officer,2,Programmer,12,Project Assistant,14,Project Engineer,5,Project Fellow,9,Project Officer,7,PSSSB,1,PSTCL,1,Psychology,1,puducherry,3,Punjab,46,Railway,64,Rajasthan,48,Rajya Sabha,2,Rally Program,1,RBI,5,Registrar,14,Rehabilitation Worker-NCD,1,Relationship Executive,1,Research Associates,12,Research Officer,6,Result,45,Review Officer,2,RGCB,1,Rishikesh,4,RITES Ltd.,11,RPCS,1,RPF,8,RPSC,4,RSMSSB,3,Rssc,1,Sahyog Agricultural,1,SAIL,3,Sales Tax Inspector,1,SBI,11,Sc,1,Schedule,1,Scholarships,1,School Jobs,1,SCI,1,Scientific Assistana,1,Scientific Assistant,5,Scientific Officer,11,scientist,55,Secretary,9,Section Officer,13,Security,24,Senior Resident,13,SERIES 2,1,SERISE 1,1,SET,1,Seventh Pay Commission,13,Seventh Pay Commission Report,1,SGM Hospital,1,SIDBI,1,Sikkim,1,SLET,1,Social Worker,8,Specialist Officer,7,SPSC,1,SRF,4,SSA,1,SSB,23,SSC,73,Staff,55,State Consultana,2,State Govt,29,State Programme Officer,2,State Resource Person,1,Stenographer,83,Store Keeper,22,Store Officer,5,Store Superintendent,2,Strike,3,Superintendent,10,Superintendent Engineer,1,Supervisor,18,Surgical Specialist,1,Surveyor,8,SVNIRTAR,1,Sweeper,29,Syllabus,22,Tamil Nadu,62,Teaching Job,76,Technical Assistant,52,Technical Attendant,5,Technical Officer,23,technician,77,Telangana,26,Telephone Operator,1,Territorial Army,1,time table,3,TISS,3,TMC,2,TNPL,5,TNPSC,15,TPSC,5,Tradesman,23,Trainee Officer,7,Translator,3,Trending Now,8,Tripura,9,TSPSC,5,TTA,1,Typist,2,UDC,34,UG,1,UIIC,1,UKPSC,5,UKSSSC,6,University,28,University Jobs,29,UPCL,4,UPPCL,2,UPPSC,9,UPSC,141,UPSSSC,19,Uttar Pradesh,114,Uttarakhand,42,Veterinary Surgeon,5,WBPSC,12,WBSSC,5,Weaver,1,West Bengal,92,
ltr
item
News@Jobs:Latest Govt, Bank, State Jobs Alert: Want to go cashless? Beware: Your credit card can be hacked in 6 seconds
Want to go cashless? Beware: Your credit card can be hacked in 6 seconds
Research suggests that 'distributed guessing attack' circumvents all security features meant to tackle online fraud. It can take hackers just six seconds, a laptop and an internet connection to hack any Visa credit or debit card, new research has revealed.
https://2.bp.blogspot.com/-KPIPyF98gW4/WEG94swPBGI/AAAAAAAAE3E/Er5MtLfR-QIk4TIlo8A_1hKT3yVBc9X5gCLcB/s320/credit-card-news-2017.png
https://2.bp.blogspot.com/-KPIPyF98gW4/WEG94swPBGI/AAAAAAAAE3E/Er5MtLfR-QIk4TIlo8A_1hKT3yVBc9X5gCLcB/s72-c/credit-card-news-2017.png
News@Jobs:Latest Govt, Bank, State Jobs Alert
http://www.newsatjobs.in/2016/12/want-to-go-cashless-beware-your-credit.html
http://www.newsatjobs.in/
http://www.newsatjobs.in/
http://www.newsatjobs.in/2016/12/want-to-go-cashless-beware-your-credit.html
true
3706644287364579902
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy