As U.S. banks and retailers are barreling toward a 2015 deadline to replace magnetic-stripe credit and debit cards with more secure cards that come embedded with a microchip, researchers have announced a critical flaw in the card system.
Malware that cannot be uninstalled by the end user is being pre-loaded onto some cheap Android smartphones. The malware is pre-loaded into the system directory of the handsets at an unknown point within the supply chain.
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