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Millions of contactless payment cards contain a security loophole that allows vital security information to be stolen using nothing more than a mobile phone.

University researchers in Newcastle have created an app that can read the cards, taking the data criminals would need to plunder accounts.

An estimated 32 million contactless cards are in circulation in Britain, with each one allowing five payments of up to £20 each before the user is prompted to enter a PIN number.



http://uk.news.yahoo.com/contactless-cards-app-reveals-security-risk-133503724.html#Xm0mTsd


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