Smart Card technology to prevent fraud - Revision history

SJakubowski at 04:59, 3 December 2007

2007-12-03T04:59:05Z

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	[[Honeypot]]<BR>		[[Honeypot]]<BR>
	[[Payment Card Industry Data Security Standard]]		[[Payment Card Industry Data Security Standard]]
		+	--[[User:SJakubowski\|SJakubowski]] 23:59, 2 December 2007 (EST)

SJakubowski: /* Future of Smart Cards */

2007-12-03T04:56:01Z

Future of Smart Cards

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	== Future of Smart Cards ==		== Future of Smart Cards ==
-	*RFID	+	====RFID====

	<p>		<p>

SJakubowski: /* Future of Smart Cards */

2007-12-03T04:55:18Z

Future of Smart Cards

← Older revision		Revision as of 04:55, 3 December 2007
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	== Future of Smart Cards ==		== Future of Smart Cards ==
-	RFID.	+	*RFID
		+
		+	<p>
		+
		+	RFID is a relatively recent technology. It stands for Radio-frequency identification. It is also non powered, so the card will require no battery. It allows smart cards to function without having to make physical contact with a chip reader, they will be able to work wirelessly.

	== General Tips to Prevent fraud ==		== General Tips to Prevent fraud ==

SJakubowski at 04:35, 3 December 2007

2007-12-03T04:35:56Z

← Older revision		Revision as of 04:35, 3 December 2007
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	Smart Card technology to prevent fraud is a summary of various ways that fraud can be prevented using smart cards. This wiki page mainly deals with fraud in '''Credit Cards''' and '''Debit Cards'''.		Smart Card technology to prevent fraud is a summary of various ways that fraud can be prevented using smart cards. This wiki page mainly deals with fraud in '''Credit Cards''' and '''Debit Cards'''.

		+	== Terms used in this article ==
		+	==== ATM ====
		+	Automated Teller Machine
		+	==== PIN ====
		+	Personal Identification Number
	== General Facts about debit/credit fraud in Canada==		== General Facts about debit/credit fraud in Canada==

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	Debit and Credit card fraud is a major issue here in Canada. What is basically involved is a group of individuals setting up magnetic strip readers to record magentic data from an unsuspecting person. The PIN must also be either witnessed by a team member or a camera. Then blank cards are filled with the data. Then the cashout phase begins which is when various ATM's are hit and balances are withdrawn sometimes to the point of depositing blank envelopes and withdrawing cash that does not even exist. <br>		Debit and Credit card fraud is a major issue here in Canada. What is basically involved is a group of individuals setting up magnetic strip readers to record magentic data from an unsuspecting person. The PIN must also be either witnessed by a team member or a camera. Then blank cards are filled with the data. Then the cashout phase begins which is when various ATM's are hit and balances are withdrawn sometimes to the point of depositing blank envelopes and withdrawing cash that does not even exist. <br>

-	A Group of ~~romainian~~ gang members were busted last year for a total of 4 million dollars worth of fraudulent withdrawls from debit cards and ATMs. They custom made a device to fit overtop of an ATM terminal that would look like part of it, with the keypad and magnetic reader, they would leave it there unobserved for an hour or two, and then recover it before the deception was noted. The device kept track of the magnetic data and PIN numbers.	+	A Group of Romainian gang members were busted last year for a total of 4 million dollars worth of fraudulent withdrawls from debit cards and ATMs. They custom made a device to fit overtop of an ATM terminal that would look like part of it, with the keypad and magnetic reader, they would leave it there unobserved for an hour or two, and then recover it before the deception was noted. The device kept track of the magnetic data and PIN numbers.

	== General Facts about Smart Cards ==		== General Facts about Smart Cards ==

SJakubowski: /* General Facts about debit/credit fraud in Canada */

2007-12-03T04:34:21Z

General Facts about debit/credit fraud in Canada

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	*Takes less then a second and your Card is compromised.		*Takes less then a second and your Card is compromised.
	*Smart card technology can prevent this.		*Smart card technology can prevent this.
		+	<br>
		+	Debit and Credit card fraud is a major issue here in Canada. What is basically involved is a group of individuals setting up magnetic strip readers to record magentic data from an unsuspecting person. The PIN must also be either witnessed by a team member or a camera. Then blank cards are filled with the data. Then the cashout phase begins which is when various ATM's are hit and balances are withdrawn sometimes to the point of depositing blank envelopes and withdrawing cash that does not even exist. <br>
		+
		+	A Group of romainian gang members were busted last year for a total of 4 million dollars worth of fraudulent withdrawls from debit cards and ATMs. They custom made a device to fit overtop of an ATM terminal that would look like part of it, with the keypad and magnetic reader, they would leave it there unobserved for an hour or two, and then recover it before the deception was noted. The device kept track of the magnetic data and PIN numbers.

	== General Facts about Smart Cards ==		== General Facts about Smart Cards ==

SJakubowski: /* General Facts about fraud */

2007-12-03T04:28:21Z

General Facts about fraud

← Older revision		Revision as of 04:28, 3 December 2007
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	Smart Card technology to prevent fraud is a summary of various ways that fraud can be prevented using smart cards. This wiki page mainly deals with fraud in '''Credit Cards''' and '''Debit Cards'''.		Smart Card technology to prevent fraud is a summary of various ways that fraud can be prevented using smart cards. This wiki page mainly deals with fraud in '''Credit Cards''' and '''Debit Cards'''.

-	== General Facts about fraud ==	+	== General Facts about debit/credit fraud in Canada==

	*44 Million dollars lost in 2003 due to debit card fraud.		*44 Million dollars lost in 2003 due to debit card fraud.

SJakubowski: /* General Facts about Smart Cards */

2007-12-03T04:27:57Z

General Facts about Smart Cards

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	*The chip uses no power, the reader provides the power and reads the information from the chip		*The chip uses no power, the reader provides the power and reads the information from the chip
	*Smart card chips are encrypted		*Smart card chips are encrypted
-	*They use RSA and DSA encryption algorithms	+	**They use RSA and DSA encryption algorithms
	====Background====		====Background====
-	*Invented in 1968. German rocket scientist.	+	*Invented in 1968. German rocket scientist. Helmut Gröttrup
-	*Helmut Gröttrup	+
	*French debit cards in 1992.		*French debit cards in 1992.
-	*Carte Bleue.	+	**Carte Bleue.
	*EMVco		*EMVco
-	*Company that updates the card specifications. Visa/Debit cards must meet their worldwide standards if the Card is to be successful.	+	**Company that updates the card specifications.
		+	**Visa/Debit cards must meet their worldwide standards if the Card is to be successful.

	== Problems with Smart Cards ==		== Problems with Smart Cards ==

SJakubowski: /* General Facts about Smart Cards */

2007-12-03T04:17:02Z

General Facts about Smart Cards

← Older revision		Revision as of 04:17, 3 December 2007
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	[[Image:Smartcardchip.jpg\|thumb\|300px\|right\|		[[Image:Smartcardchip.jpg\|thumb\|300px\|right\|
	'''What a Smart Card Chip looks like internally''']]		'''What a Smart Card Chip looks like internally''']]
-	====What is a Smart Card=====	+	====What is a Smart Card====
	*Smart cards use a microchip embedded onto the card.		*Smart cards use a microchip embedded onto the card.
	*The chip uses no power, the reader provides the power and reads the information from the chip		*The chip uses no power, the reader provides the power and reads the information from the chip

SJakubowski: /* General Facts about Smart Cards */

2007-12-03T04:16:52Z

General Facts about Smart Cards

← Older revision		Revision as of 04:16, 3 December 2007
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	[[Image:Smartcardchip.jpg\|thumb\|300px\|right\|		[[Image:Smartcardchip.jpg\|thumb\|300px\|right\|
	'''What a Smart Card Chip looks like internally''']]		'''What a Smart Card Chip looks like internally''']]
		+	====What is a Smart Card=====
	*Smart cards use a microchip embedded onto the card.		*Smart cards use a microchip embedded onto the card.
	*The chip uses no power, the reader provides the power and reads the information from the chip		*The chip uses no power, the reader provides the power and reads the information from the chip
	*Smart card chips are encrypted		*Smart card chips are encrypted
	*They use RSA and DSA encryption algorithms		*They use RSA and DSA encryption algorithms
		+	====Background====
	*Invented in 1968. German rocket scientist.		*Invented in 1968. German rocket scientist.
	*Helmut Gröttrup		*Helmut Gröttrup

SJakubowski: /* General Facts about Smart Cards */

2007-12-02T19:57:18Z

General Facts about Smart Cards

← Older revision		Revision as of 19:57, 2 December 2007
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	== General Facts about Smart Cards ==		== General Facts about Smart Cards ==
		+	[[Image:Smartcardchip.jpg\|thumb\|300px\|right\|
		+	'''What a Smart Card Chip looks like internally''']]
	*Smart cards use a microchip embedded onto the card.		*Smart cards use a microchip embedded onto the card.
	*The chip uses no power, the reader provides the power and reads the information from the chip		*The chip uses no power, the reader provides the power and reads the information from the chip