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Man-in-the-Middle Attack Against Chip and PIN - Schneier on Security

https://schneier.com/blog/archives/2010/02/man-in-the-midd_1.html

“Nice attack against the EMV—Eurocard Mastercard Visa—the “chip and PIN” credit card payment system. The attack allows a criminal to use a stolen card without knowing the PIN. The flaw is that when you put a card into a terminal, a negotiation takes place about how the cardholder should be authenticated: using a...” (the page’s own description)

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