Secure credit cards have a major flaw that lets hackers steal millions

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Chris Smith

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Dumb debit and credit cards that can be easily replicated by hackers after stealing the data in their magnetic strips — which is what happened with card data stolen in cyber attacks hitting Target, Home Depot and many others — will be a thing of the past in the U.S. starting on October 1, 2015, as they will be replaced by more secure chip-and-PIN (also known as EMV) cards. However, Wired reports these cards aren't as secure as you expect, and hackers have already found a way to steal money from them without actually needing access to the cards.

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