Hacking your money: Cloning credit cards, stealing bitcoin and spoofing Verified by Visa




IBTimes UK technology editor David Gilbert looks at how easy it is for cyber-criminals to clone our credit cards and steal our money online.

When in crowded places we are regularly warned to watch our wallets. But increasingly, the real threat to our money is not from pickpockets but from cyber criminals.

In this week’s Tech Talk, IBTimes UK technology editor David Gilbert speaks to James Lyne from security company Sophos, who explains just how easy it is for cyber-criminals to clone our credit cards, steal our money online and even empty our bitcoin wallets.

“A lot of people would think with a modern credit card like this with chip and pin and the latest security features, it would be very difficult,” says Lyne.

“But unfortunately, retailers are the weakest link and a lot of countries where we do transactions don’t support these more modern technologies”.

“Online transactions in fact represent a bigger opportunity for the cyber criminals, because they can achieve scale. There’s actually some terribly bad user habits that have been drilled into them that can get them into a lot of trouble,” he adds.

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20 comments on “Hacking your money: Cloning credit cards, stealing bitcoin and spoofing Verified by Visa

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Who wants to clone credit cards

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Well, its a cat and mouse game.. lol

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This just happened to me.

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I do really not believere that this is possible unbleivable it looks simple to do it.

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what is the name of hacing apps?

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I had my credit card destroyed and decrypted by insecurities of responsible company, and got all the blames for it by making me sign a new contract, and I had my cash stored get delayed in usage for 5 months++ all because of this "insecured" system. What know what company said? We're not taking responsibilities for you and no replace funding. This isn't fair obviously and that grandma spilling coffee won't do for me, can someone please teach me how to hack properly, so I can at least defend myself in this insecured world??? I want to fully be able to utilize my credit card.

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🙂 thank you for video

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Can i use it to program an rfid / nfc tag that I have and use the key fob at stores

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