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

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.