A new $10 device, developed by a hacker named Samy Kamkar that can predict and store hundreds of American Express credit card numbers. Allowing the person who possess this device to use them credit cards for almost anything.
The device is name MagSpoof, guesses the next credit card numbers and new expiration dates based on a cancelled credit card’s number and when the replacement card was requested respectively. The process does not require the three or four-digit CVV numbers that are printed on the back side of the credit cards.
- Spoof any magnetic stripe or credit card entirely wirelessly, even on standard magstripe/credit card readers
- Disable chip and PIN (EMV) protection
- Switch between different credit cards
- Accurately predict the card number and expiration date.
its is important to note that this device only works on American Express credit cards.
Here’s How MagSpoof Works