No phish with home-made chips / Guardian, 11 May 2007
http://business.guardian.co.uk/story/0,,2077877,00.html
Tony Levene
"Britain's banks will this summer prepare the roll-out of millions of home chip and pin readers.
They're easy to use, but what goes on behind the electronics? And how sure can you be that fraudsters will not be able to break into your card reader and find the code? The designers of the system say the big security breakthrough is that there is no contact between your computer and your card reader.
Although you need a mix of passwords and user identification numbers before you get into your account, these details are typed in to your computer. And the fatal flaw is that whatever you key in to your computer could be read by others - as if someone is looking over your shoulder."