ATM Network PIN network broken? (News Story)

[noid]

A proverb that seems to come up in my daily conversations with people over and over again:

Change will not occur till the pain of staying the same exceeds the pain of change.

[renderman]

I wonder how long until governments/companies start realizing that cryptographic challenge/response mechanisms are needed to safeguard identities and financial transactions.

When the cost of fraud is more than the cost of implementing the new system

[bascule]

I wonder how long until governments/companies start realizing that cryptographic challenge/response mechanisms are needed to safeguard identities and financial transactions.

[TheCotMan]

ATM PIN Network broken?
This scary story was brought up elsewhere by another forum member.

Guesses? POS Transaction terminals with hardware wedge loggers to the wired keypadm and magstrip duplication?

Cameras and MagStrip duplication?

I did not see this on slashdot, yet.