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Unsmart Investments in Smartcards

Posted December 30, 2010 8:33 AM

From Wired Top Stories:

Let this be a lesson for companies implementing smartcard systems: If you don't want people creating money from nothing, pay attention to the security research before investing. Security consultant Harald Welte would be glad to say the same thing. Speaking at the annual Chaos Computer Club (CCC) Congress here Wednesday, he explained how he was able to break Taiwan's smartcard-based transportation-payment system, which was expanded this year to be a larger citywide payment system, using a $40 smartcard reader and a few hours of time.

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Re: Unsmart Investments in Smartcards

01/03/2011 5:05 PM

"...how he was able to break Taiwan's smartcard-based transportation-payment system, which was expanded this year to be a larger citywide payment system, using a $40 smartcard reader and a few hours of time."

...which explains why Mr. Welte shops exclusively at chain stores that dispense their own gift cards.

PLEASE! Just a joke! I am certain Mr. Welte is above board, an upstanding and productive member of society. The whole thing sure makes me wonder... are these gift cards exempt or immune from such pirating? Most gift cards do not store the value on the card (as is the case for the transit payment cards), but some do (some did store the value on-card, anyway).

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