Chip and PIN was supposed to help protect us all from card fraud. But Cambridge researchers, Steven Murdoch and Saar Drimer, have found a ... all » number of ways that the criminally-minded could crack it - and extract your account number and PIN and all the details needed to create a cloned card. More details are available on the University of Cambirdge website [1]

From Newsnight, BBC2, February 26, 2008.