However, our researchers recently discovered that a group of cybercrooks from Brazil has developed a way to steal card data and successfully clone chip-and-PIN cards.
That’s a big step toward increasing the security of transactions and reducing card fraud, and one might think that the end is near for the kind of card fraud that relied on cloning. Recently, the United States shifted from using insecure magnetic stripe in credit and debit cards to better-protected chip-and-PIN cards, which are regulated by the EMV standard.
