Samy Kamkar, the inventor of numerous hacking tools, has created another mind-blowing device, one that can accurately read and predict credit card numbers, and bypass chip & PIN safeguards embedded within modern cards.
The device, called
MagSpoof uses information stored on credit/debit cards, inside the standard magstripe (magnetic strip).
Hackers can analyze the magnetic field produced by this magnetic strip, and then store it on MagSpoof. Since the magstripe is used to validate card transactions, the card's number and other details are encoded in the magnetic strip itself.
MagSpoof can make payments by placing it in the vicinity of a card reader
Data can be extracted from magstripes using magstripe readers, or by eye, using metal dust that sticks to the magnetic parts of the magstripe and allows anyone to read the barcode.
