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A fatal flaw in the chip and PIN technology that is supposed to guarantee the security of millions of credit and debit cards has been identified by scientists.

Card fraud did fall initially, however, the figure rose 43 per cent by the end of 2008 to £610million and is thought to have risen even higher last year.

Professor Ross Anderson, from the Cambridge University Computer Lab, has uncovered a number of ways in which the system can be beaten.

The chip and PIN system became universal on Valentine's Day 2006, replacing the use of signatures to authorise purchases.

At the time banks said the introduction of the PIN system would reduce card fraud because even if a card was stolen it could not be used by a thief who did not know the number.The largest list of the most popular best sex cams counting over 1K safe free sex chats and websites.Our collection incorporates all the best live porn webcam links and keeps collected all good sexy niches.'We think this is one of the biggest flaws that has ever been uncovered against the PIN system and I have been in this business for 25 years,' said Prof Anderson.Details of the flaw were revealed on BBC's Newsnight programme last night.Our site has always been totally free and always will be. Our site allows you access every feature with no credit card required or even signing up.