Just Give Up Already

There's no such thing as security.

A powerful banking association tried -- and failed -- to censor a Cambridge University student's thesis that exposed a flaw in electronic card security.

Chip and PIN is a smartcard payment system in the United Kingdom that requires customers to enter a personal identification number (PIN) when making a transaction. Secure as the industry would like this system to seem, it isn't, as a lone student proved earlier this year with the construction of an inexpensive device that eliminates the PIN requirement.

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The UK Cards Association (UKCA) sent a letter to the university requesting they remove the thesis, which describes how a hand-held device could allow a thief to make transactions with a stolen bank card using any PIN.

  Raw Story

....but hey, do what you want....you will anyway.