X-Ray Scans Expose Chip-And-Pin Card Hack
FTA: A fraudulent chip can listen for that query and pre-empt the real chip with its own answer: a “yes” signal regardless of whatever random PIN the fraudster has entered. “The attacker intercepts the PIN query and replies that it’s correct, whatever the code is,”Wait, what?  How is that the protocol?  There's no two way validation at all?  The chip just says "yes"?!Can anyone with knowledge of details confirm?  This seems isomorphic to my ears with "the PIN is just security theater".