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"At present, the standard encryption method used in ATMs and POS systems to protect card users' PINs is known as single DES (Data Encryption Standard) or S-DES. However, the S-DES cryptographic algorithm has been cracked," he explains. "While it took a specially built algorithm cracking machine 22.75 hours to break the S-DES code, it means that devices which rely on S-DES for security can no longer be considered totally secure. Hence the requirement that S-DES-based security be upgraded to far stronger T-DES."
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