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Banks warned of truth behind crypto crack claims |
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Source: ComputerWeekly.com - Posted by Derrick Lewis
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An independent expert has backed two Cambridge University students' claims to have uncovered a flaw in a key IBM cryptographic coprocessor that is at the heart of some of the world's most secure systems. IBM has been warned not to dismiss . . .
An independent expert has backed two Cambridge University students' claims to have uncovered a flaw in a key IBM cryptographic coprocessor that is at the heart of some of the world's most secure systems. IBM has been warned not to dismiss the two Cambridge University research students, who claim to have developed a system to hack bank security codes and potentially obtain thousands of PIN numbers. IBM had said the students' method could only work in laboratory conditions and that a bank's physical security measures would prevent attack. However, Dr Nicko van Someren, chief technical officer of Ncipher - one of the world's largest suppliers of cryptographical engines to financial institutions - told CW360.com: "This is a significant security breach. Security managers should be worried but not panicking."
Read this full article at ComputerWeekly.com
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