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SmartMetric Says Old Smart Card Technology That Is at the Heart of EMV Chip Cards Is Vulnerable to Hacking and Needs Added Biometric Protection

NEW YORK, NY — (Marketwired) — 01/26/15 — SmartMetric, Inc. (OTCQB: SMME) — Latest security research by independent security experts in both the United Kingdom and Germany have revealed that the old smart technology that is at the heart of the EMV chip cards is vulnerable to attack. According to the President & CEO of SmartMetric, Inc., the vulnerability of EMV cards is due to old technology being deployed that is not just 10 steps behind today–s fraudsters but 100 steps behind. Chaya Hendrick went on to say that data security systems that still rely on one factor authentication such as a password or even a software token are hopelessly vulnerable to attack by today–s sophisticated data attackers. Adding biometrics to card payments is a solution that offers a greater defence and brings two factor verification to the world of payment cards.

SmartMetric has developed a payments smartcard that has an inbuilt fingerprint reader that is used to verify the identity of the card user prior to the card being activated to make a transaction.

To find out more the SmartMetric biometric card please contact SmartMetric at or go to the company website at

SmartMetric is a publicly traded technology company that has developed a fingerprint scanner built inside EMV payment credit and debit chip cards, thereby creating a second layer biometric authentication protection in defending against card fraud.

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

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Related posts:

  1. A Chip on Your Credit Card Is Coming to Your Card in Your Wallet – SmartMetric Makes Chip Credit and Debit Cards Even Safer Using Its In-Card Biometric Identification
  2. SmartMetric Develops Biometric Chip Credit Cards Using Your Fingerprint to Turn on Your Credit Card — You Are the New Biometric Security Key
  3. Report Says Card Fraud Could Be Larger Than the Illegal Drug Trade — SmartMetric Biometric Fingerprint Activated Cards to Fight Both Bank Fraud and Identity Theft
  4. SmartMetric Says EMV Chip Cards Are Not the Secure Fortress Against Credit Card Fraud as Many Believe

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