kamlapati sends us to EETimes for news that the Chaos Computer Club in Germany and researchers from the University of Virginia have cracked the encryption scheme used in a common RFID chip, NXP's Mifare Classic. According to the article the device is used in many contactless smartcard applications including fare collection, loyalty cards, and access control cards. NXP downplays the significance of the hack, saying that that model of RFID card uses old technology and they do a much better job these days.
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