In the summer of 2014, Craig Diangelo thought he was on the path to an easy retirement. A veteran of the tech industry, Diangelo got his start as a COBOL programmer in the 1970s.
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.
PALO ALTO, Calif. — In late 2013, an A.T.M. in Kiev started dispensing cash at seemingly random times of day. No one had put in a card or touched a button. Cameras showed that the piles of money had been swept up by customers who appeared lucky to be there at the right moment.
Within a day of the Bash bug dubbed ‘shellshock’ being disclosed, it appears that attackers are already looking for ways to use it for their advantage.