This ATM Hack Allows Crooks to Steal Money From Chip-and-Pin Cards

Forget about security! It turns out that the Chip-and-PIN cards are just as easy to clone as magnetic stripe cards.It took researchers just a simple chip and pin hack to withdraw up to $50,000 in cash from an ATM in America in under 15 minutes.We have been told that EMV (Europay, MasterCard and Visa) chip-equipped cards provides an extra layer of security which makes these cards more secure