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Risky Bulletin: Expired cards can be used for new transactions
Researchers show expired Visa contactless cards can be revived via NFC man-in-the-middle relay to run fraudulent transactions; roundup also covers major breaches.
University of Massachusetts Amherst researchers built an NFC man-in-the-middle rig that updates a card's expiration date in transit and relays the modified payment to POS terminals, reviving expired contactless cards; Visa terminals and the backends of all five banks studied failed to catch the manipulation. The same roundup reports Iranian hackers shut down a small UK power plant for four days, Lazarus breached South Korea's Presidential Office as part of a campaign exceeding 100 victims, and French telecom SFR suffered a breach affecting over 2.1 million customers.
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Risks in IoT Supply Chain
Unit 42 analyzes multilayer IoT supply chain risks across hardware, firmware, and software, citing counterfeit Cisco switches and OpenWrt attacks.
Unit 42 examines weaknesses in the IoT supply chain ecosystem across hardware, firmware, operation, and vulnerability layers, noting that 89% of IT decision-makers reported IoT device growth and IDC forecast 41.6 billion connected IoT devices by 2025. Examples include counterfeit Cisco Catalyst 2960-X switches with possible backdoor access (F-Secure, July 2020), a March 2020 OpenWrt flaw enabling malicious update impersonation, and threat actor interest in TeamViewer remote support software. The report stresses that untracked third-party components and missing device inventories make it hard to assess vulnerability impact across vendors.
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