Using Machine Learning to Guess Pins from Video
schneier.com
schneier.com
They are comparing this with (good ol') card skimmers, but with those you get BOTH the data on the card (magnetic stripe or chip/whatever, i.e. you can - in theory - clone the card at leisure) AND the PIN, with these attack you ONLY get the PIN (possibly 4 times out of 10), so you need to somehow rob the user "on the spot" either by dexterity or at - say - gunpoint to get the card, it would be easier to just go for the money the customer just got from the ATM, you will have 10/10 success.
Theft is easy to conceal and deny, robbery (esp. armed robbery) is the exact opposite. As for skimmers, do any ATMs these days even accept magstripe? EMV cards are extremely difficult to clone so skimmers seem a bit useless.
So you go to the ATM and draw 500 Euro from it, I then can choose, after having setup the camera, the AI (or whatever), a powerful computer to run it, etc. between pickpocketing the card, and then be able to draw - on average - 40% of either 250 or 500 Euro or pickpocketing the 500 Euro directly. (of course I cannot wait "tomorrow" as in the meantime you will have realized that you card is missing and blocked it).
So, as I see it, this approach is only somehow an advantage if you draw less than or around 40% of 250 Euro, 100 Euro or so.
[1] not direct experience but it was more or less "invented" in Italy, the first (unofficial) official school for pickpocketing assertedly dating back to 1864:
https://www.fabriziosalce.it/la-scuola-per-borsaioli-del-bal...
So up to 50€ in cash and 25€ in stuff vs up to 550 € in cash (on hand + ATM limit) sounds worth the effort to me.
My (simplicistic but simple) "get the money (and card, but without PIN) and run" approach is working 100% of cases (if you are a good pickpocketer).
Your "get the money and the card and then use a sophisticated computerized method" is - at most - working 40% of cases (and you need to be BOTH a good pickpocketer AND a computer expert OR have a computer expert as accomplice[1]).
If we imagine that 1/3 of people are like you say (with just 50 Euro), 1/3 is like I say (500 Euro) and 1/3 are mid-way (let's say 250 Euro), on average 12 "jobs" I have (let's exclude the 25 contactless, as they are the same in both cases:
4x50x100%=200
4x250x100%=1000
4x550x100%=2200
Total 3400
vs.
12x550x40%=2640
I am still ahead, if we have 1/2 at 50, 1/4 at 200 and 1/4 at 500:
6x50x100%=300
3x200x100%=600
3x550x100%=1650
Total 2550
we are roughly on par (I have no expenses for the computers, camera's etc.).
BTW, "my" method is old, proved, always worked and will always work, "your" is going to have a hit now that these scientists told everyone about the method, people will start using "finger movements concealing devices"[2].
[1] in this latter case you will also have another person to divide profits with
[2] the effectiveness of which might be the topic of a new article, besides the title of a new US patent application
That is incredible! It's not just ATM PINs this could apply to. It's not a stretch of the imagination to expect a state intelligence agency monitoring an embassy or a dissenter's apartment keypad and applying techniques like this
I like that they include time estimates on this "several months of data acquisition", as they themselves nite this is bith fast and slow.
https://twitter.com/tresdessert/status/1436767546460487680?s...
Alternatively maybe a TOTP with a seed via a QR code and entered on the pad? Surely there are better ways than a static pin…
Because it would cost a great deal of money to add Apple Pay functionality to ATMs?
Because adding other options increases the surface area of potential attacks - with technologies that are not within the scope of control of the ATM industry?
And why just Apple Pay? Why not other options?
When it comes to the financial system, consumer convenience is one of the lowest priorities.