Emv card reader for gas pump
This is a critical component to economics, security is enforced in line with consumer perception, if consumers perceive a threat, real or imagined, then companies and politics respond.”ĭobieski however believes that with the shift in liability for attacks on card data looming, gas stations will indeed spend the next 10 months either finally upgrading their fuel pumps to chip-and-PIN, or, finding a workaround, such as implementing tokenization or point-to-point encryption. However, without a threat, and often without regulation, companies will not make the investment. Card skimmers are an emerging threat, and they need to be managed. “That’s why they have not made these changes, it is simple economics. “An industry is not motivated to change unless it makes them money,” he said. For large chains and mom-and-pop gas stations alike, seeing a threat from the liability change and an economic value in enhanced security are prerequisites for investing in upgrades. Thomas Hatch, CTO and co-founder at SaltStack, told Threatpost that deadline or no deadline, all of this means that only motivator for change will be companies’ bottom lines. “These approvals can take quite a bit of time to acquire, which was one of the reasons that the deadline was pushed back from 2017 to 2020.”
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“The problems fuel retailers have is that gas pumps may require a complete rip and replace of hardware, which could require environmental reviews and approvals,” Travis Smith, principal security researcher at Tripwire, told Threatpost.
#Emv card reader for gas pump upgrade#
According to compliance organization Conexxus, upgrade costs start at $25,000 and easily run north of $150,000 per gas station. That’s because installing new pumps is a costly endeavor that is likely prohibitively expensive for many, Dobieski pointed out.
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However, gas stations were exempted from that change for their pumps, with an extension to 2017 and then a further extension to 2020 to come into compliance. This usually means the merchants, who have largely replaced the old default of the banks themselves being responsible for reimbursing consumers for fraudulent transactions. 2015, a major shift in policy by card issuers meant that liability for card fraud falls upon the party that doesn’t enforce chip-based transactions. EMV) are more secure as they use single-use encrypted digital signatures and can also require customers to input an additional level of authorization.
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Payment methods that use chip-and-PIN (a.k.a. She added, “It seems an unnecessary game of Russian roulette to keep swiping unencrypted cards at unencrypted pumps, where our sensitive card numbers will be stored in unencrypted gas station back-room databases.” “This double-unsafe method of the magnetic strip info not being encrypted, then sent to a back-end computer (where it should not be stored at all), then stored (unencrypted) is unsafe at best, egregious at worst,” Dobieski wrote. Gas pumps typically violate both tenets, she noted. The PCI DSS requires that data exchanged in all old-school magnetic strip transactions should be encrypted in transit and the data shouldn’t be stored either, but if it is, the numbers should be encrypted.
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Instead, swiping one’s card and using the magnetic strip is the norm.Īdding insult to injury, most of these transactions also don’t conform to the Payment Card Industry Data Security Standard (PCI DSS) regulation, according to Venafi’s Katrina Dobieski, writing in a Thursday posting. Unlike when customers pay inside, the pump mechanism doesn’t require a chip-and-PIN or chip-and-signature scheme, which have built-in encryption and can thwart most amateur card-skimming efforts. In the meantime though, cybercriminals will be targeting pay-at-the-pump point-of-sale mechanisms with a vengeance, researchers say.įuel pumps represent a last bastion of non-encrypted transactions. Gas stations are gearing up for a major change in credit-card fraud liability in October, when they will find themselves on the hook for card-skimming attacks at the pump.