International. An encrypted code used to protect millions of credit cards, electronic keys or security credentials is no longer secure. A graduate student at the University of Virginia and two hackers claim to have broken the code used by the tiny chips found inside many of the "smart cards," and they did so with a simple computer and other equipment within anyone's reach.
NXP Semiconductors, a Dutch company formerly affiliated with electronics company Philips, claims that it has actually only discovered part of the algorithm, and that they are constantly updating the security measures of their smart chips.
According to the student, it is not his intention to help potential attackers, he is only intended to inform people how vulnerable these cards are.
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