The H discusses
a new demonstration application published by a German security researcher capable of reading credit card information over NFC. "Contactless credit card systems have been hacked in the past and while the problems with the technology are worrisome, access via NFC is not a viable way to harvest a great amount of credit card data for obvious reasons. The relatively easy availability of smartphone applications like paycardreader will most likely make them attractive for opportunist fraudsters, however.
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