Press Trust of India reports:
It may take as little as six seconds for hackers to guess your credit or debit card number, expiry date and security code, say scientists who were able to circumvent all security features meant to protect online payments from fraud.
Exposing the flaws in the VISA payment system, researchers from Newcastle University in the UK, found neither the network nor the banks were able to detect attackers making multiple, invalid attempts to get payment card data.
By automatically and systematically generating different variations of the cards security data and firing it at multiple websites, within seconds hackers are able to get a ‘hit’ and verify all the necessary security data.
Read more on NDTV.