kamlapati writes "The Chaos Computer Club (Hamburg, Germany) has cracked the encryption scheme of NXPs popular Mifare Classic RFID chip. The device is used in many contactless smartcard applications including fare collection, loyalty cards or access control cards. NXP downplays the significance of the hack.
So much for the security of RFID:
http://www.eetimes.com/news/latest/showArticle.jhtml;jsessionid=YLPVK3WYXCTVEQSNDLSCKHA?articleID=207000946"
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