- Joined
- Aug 20, 2006
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- 13,000
AMEX claims this is a non-issue while others claim the number generated is obvious, but this seems like a substantial security issue to me.
His watch-sized gadget, which he calls MagSpoof, can store more than a hundred credit card numbers and emit an electromagnetic field thats strong enough to hit a credit card readers sensor from close proximity, sending a signal that imitates a credit card being swiped. Kamkars device also includes a button that implements his prediction algorithm; if a criminal using MagSpoof were to find that a credit card they tried to spoof had been cancelled, the device could immediately generate the victims next card number.
His watch-sized gadget, which he calls MagSpoof, can store more than a hundred credit card numbers and emit an electromagnetic field thats strong enough to hit a credit card readers sensor from close proximity, sending a signal that imitates a credit card being swiped. Kamkars device also includes a button that implements his prediction algorithm; if a criminal using MagSpoof were to find that a credit card they tried to spoof had been cancelled, the device could immediately generate the victims next card number.