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Tandon team shines light on roiling market for stolen debit and credit cards

August 3, 2020 sarah JonasResearch Results

Damon McCoy and colleagues at the NYU Tandon School of Engineering analyzed multi-year data extracted from BriansClub, an underground bazaar for buying stolen and leaked credit card information. Among findings were that chip-enabled cards are no guarantee of security if owners still swipe the stripe: 85% of the stolen magnetic stripe data originated from EMV chip-enabled cards.