Student Claims to Have Cracked Smartcard Encryption

A University of Virginia graduate student and two fellow hackers say they have cracked the encryption  code used to protect millions of wireless “smartcards” in use across the globe.

With readily available equipment  that cost under $1,000, Karsten Nohl, 26, and his two Germany-based partners say they dismantled a tiny chip found inside many smartcards and mapped out its secret security  algorithm.

Complete story at http://www.newsfactor.com/story.xhtml?story_id=10300003LY2Q

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