Chip and PIN flaw could sting cardholders

A FLAW has been discovered with chip and PIN technology which could result in Irish credit card holders being liable for any money stolen from them.

Researchers at Cambridge University have discovered a way stolen credit and debit cards can be used by fraudsters without them knowing the PIN number.

It involves a fraudster putting a stolen card into a shop’s reader and linking it with a second reader in their back pack that would send a signal to the terminal to say the PIN is OK.