German Association Of Savings Banks news and trends

Security Flaw Found In German Banks’ Retail Payment Systems

December 23, 2015
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Security Flaw Found In German Banks’ Retail Payment Systems

December 23, 2015
Cybersecurity researcher Karsten Nohl discovered a critical vulnerability in the retail payment systems of several German financial institutions. As Reuters reported Tuesday (Dec. 22), the security flaws revealed by Nohl have the potential to compromise payment card PINs and enable fraudsters to steal funds from both merchant and customer accounts and create fake cards. According […]