The hack attacks the weak encryption in the MiFare Classic, an RFID chip manufactured by NXP Semiconductors. All you need is a laptop, a scanner and a few minutes to decrypt the key to an RFID door lock and create a duplicate card to open it at will! Read More below:
RFID hack could crack open 2 billion smart cards
I know you guys like videos so here you go :) This is a demo of a similar attack:
Here Bruce's take on this:
http://www.schneier.com/blog/archives/2008/03/london_tube_sma.html
News video of a similar hack:
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