Your PIN Is Not So Secret

The University of Cambridge has discovered some scary vulnerabilities to the "chip and PIN" system that is used for debit cards. As best I can tell, this is the same (or at least very similar) system to what those of us in the U.S. use for our debit card purchases. An interview with one of the certifying agencies is a must see. I would say protect yourself, but it appears there is no way to. Slashdot discussion here. I hope that I am overreacting and that this is only a UK problem, but my guess is that it is not.