Researchers create magstripe versions from EMV and contactless cards

A British security researcher has proven this week that it is still possible in 2020 to create older-generation magnetic stripe (magstripe) cards using details found on modern chip-and-PIN (EMV) and contactless cards, and then use the cloned cards for fraudulent transactions. In a whitepaper named “It Only Takes A Minute to Clone a Credit Card, Thanks to a 50-Year-Old Problem,”

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