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While most customers elect to choose their own card PINs, this is only achieved by recording the difference - known as a "PIN offset" - between the original and the new PIN on a card's magnetic stripe.
By using the original PIN and, if appropriate, the PIN offset value, the two students claim they can draw cash from almost any user's account.
Terry Gibbons, a spokesperson for Visa International, told Newsbytes that Bond and Clayton's crack is nothing new, although the relatively short time taken for the process is.
"Card issuers are moving over to smart cards, and away from the magnetic stripe technology that can be cracked given enough processing power and computer time," he said, adding that no security system - even smart cards - can ever be totally secure against fraudsters.
"Smart cards can beat this type of security problem. It takes a lot of time to beat the protection system on a smart card, but the system has been designed to be secure enough to make it not worth the criminal's while to crack it," he said.
In Europe, he added, Visa is in the final stages of working with its financial card-issuing institutions to switch their customers from magnetic stripe to smart card-based systems.
"Most (Visa) card issuers in the U.K. have moved over to smart cards, while France is almost 100 percent smart cards. The slowest countries are Germany and Turkey, mainly because of the low penetration rates that cards have in these countries," he said.
By the end of 2006, he added, all Visa card issuers in Europe should have switched over to smart card-based credit and debit cards.
A copy of Bond and Clayton's methodology has been posted on Clayton's Web pages at http://www.cl.cam.ac.uk/~rnc1/descrack/index.html .
Visa's Web site is at http://www.visa.com .
The IBM 4758 is an extremely secure crytographic co-processor. It is used by banking systems and in other security conscious applications to hold keying material. It is designed to make it impossible to extract this keying material unless you have the correct permissions and can involve others in a conspiracy.
We are able, by a mixture of sleight-of-hand and raw processing power, to persuade an IBM 4758 running IBM's ATM (cash machine) support software called the "Common Cryptographic Architecture" (CCA) to export any and this program's DES and 3DES keys to us. All we need is:
The attack can only be performed by an insider with physical access to the cryptographic co-processor, but they can act alone. The FPGA evaluation board is used as a "brute force key cracking" machine. Programming this is a reasonably straightforward task that does not require specialist hardware design knowledge. Since the board is pre-built and comes with all the necessary connectors and tools, it is entirely suitable for amateur use.
Besides being the first documented attack on the IBM 4758 to be run "in anger", we believe that this is only the second DES cracking machine in the open community that has actually been built and then used to find an unknown key!
Until IBM fix the CCA software to prevent our attack, banks are vulnerable to a dishonest branch manager whose teenager has $995 and a few hours to spend in duplicating our work.
Michael Bond. "Attacks on Cryptoprocessor Transaction Sets"
Proceedings of the CHES 2001 Workshop, Paris 2001. Springer Verlag LNCS 2162, pp
220-234.
Available on the web as: http://www.cl.cam.ac.uk/~mkb23/research/Attacks-on-Crypto-TS.pdf
Michael Bond & Ross Anderson. "API-Level Attacks on Embedded Systems" IEEE Computer 34(10), October 2001, pp 67-75.
"Brute force attacks on crytographic keys" a web-based survey of results, plus an annotated bibliography concentrating on DES crackers. http://www.cl.cam.ac.uk/~rnc1/brute.html
"IBM PCI Cryptographic Coprocessor CCA Basic Services Reference and Guide for IBM 4758 Models 002 and 023 with Release 2.40", Seventh Edition, September 2001. Available from: ftp://www6.software.ibm.com/software/cryptocards/CCA_Basic_Services_Reference_240.pdf
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