Business News • MarketWire • SmartMetric Says the Vulnerability of Chip Cards to Cloning Shows the Need for Greater Chip Card Security Such as the SmartMetric Fingerprint Activated Chip Cards

SmartMetric Says the Vulnerability of Chip Cards to Cloning Shows the Need for Greater Chip Card Security Such as the SmartMetric Fingerprint Activated Chip Cards

SmartMetric Says the Vulnerability of Chip Cards to Cloning Shows the Need for Greater Chip Card Security Such as the SmartMetric Fingerprint Activated Chip Cards

NEW YORK, NY--(Marketwired - May 20, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- A group of researchers from Cambridge University on Monday published a research paper that shows the vulnerability of Europay, MasterCard, Visa (EMV) Chip Cards from an attack called "the pre-play" attack. The President & CEO of SmartMetric said it is now obvious that existing chip card security is flawed, leaving the 1.6 billion EMV card holders around the world vulnerable. She further said, adding a biometric security layer to EMV chip cards, such as the SmartMetric in-card fingerprint scanner, overcomes the flaws now found in cryptographic only chip cards.

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