Hack Turns Square Reader Into A Credit Card Skimmer

Ubergizmo - 4 Aug 2015 03:44One of the advantages to the Square Reader is that it turns devices into mobile payment stations, where you can swipe a credit card on the device and have it charge you like you would have expected...

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from a regular credit card machine. However it seems that despite its convenience, it has the potential to be a huge security flaw as well. According to recent research conducted by three grad students from Boston University, they have found that the Square Reader can be turned into a credit card skimming device with a little bit of modification. Basically what they found out that is that the device can be physically tampered with and have its encryption disabled. The encryption basically protects credit card data while it is being transferred to the smartphone it is being used on. In the end it...

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