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Old 28th July 2006, 10:06   #1 (permalink)
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JimmyTheOne Novitiate
Default Card Cloning & PIN Theft Epidemic
Remember Shell - Chip & PIN cards compromised?

Here's the latest:

In one case, a sniffer in a chip and PIN terminal at a skilift in Livigno sent holidaymakers’ card and PIN details by SMS to Romania.

Full story - click here.

And why you should be concerned:

It is now extremely difficult for customers to prove their innocence unless their case corresponds with patterns already recognised by the banks.

Full story- click here.

PIN = Access to cash.

PIN = Liability Shift.

Signing = No access to cash & NO liability shift.

Chip & Signature - you know it makes sense!
JimmyTheOne is offline  
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