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While the Bank of England has faced the dilemma of how much funding assistance to give to the UK markets without allowing backs to benefit directly, this situation is now being replicated in Europe...
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Wednesday 23rd July 2008
The method used by university researchers to "crack" London transport's Oyster card system should be made public, a Dutch judge has ruled.
This means that Professor Bart Jacobs and his team at Holland's Radboud University will now be able to publish their full findings on the pre-pay cards, which allowed them to travel on the Underground for free.
In a statement, the university said that "in a democratic society it is of great importance that the results of scientific research can be published".
However, a Transport for London spokesman told the BBC that despite the successful hack the Oyster system remained secure.
"Transport for London remains confident in the security of the Oyster card system; we take fraud and the security of personal data extremely seriously and constantly review our security procedures," he said.
"Any fraudulent card would be identified and blocked within 24 hours of being used. Using a fraudulent card for free travel is subject to prosecution and we would seek to enforce this wherever possible."
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