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← Payment Systems: Magstripe, Tokenization, NFC and EMV

Module 20 of 22 · Operator · 90 min

Offline terminals and the portable reader

Anyone can buy a certified EMV reader now, and some of them take a payment with no network. A protocol-level walkthrough of four 2025 attacks: a loyalty protocol standing in for identity, a status word misread for years, and a signature over the copy nobody compares.

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What this module covers

  1. 01The thesis, before the attacks
  2. 02The bench, item by item
  3. 03A man-in-the-middle with two phases
  4. 04Attack 1 — how do you ask a card whether it is a phone?
  5. 05A detour: the same card behaves differently in two countries
  6. 06Attack 2: the error that was not a refusal
  7. 07Attack 3: a signature over the copy nobody reads
  8. 08Attack 4 — Mastercard, and nothing to flip
  9. 09Fixing it, and proving the fix
  10. 10Check it on a card you have
  11. 11What to take to an assessment