USA behind large scale card fraud:

[energyman76b]

http://www.theregister.co.uk/2013/01/09/european_card_fraud_us/

if the USA would stop living in the stone ages, this would not be a problem.
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[BoneKracker]

Sounds more like Europe got screwed by Visa/Mastercard into relying on an unimplemented security standard. I suppose either way it's "our" fault, though.
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Oldthinkers unbellyfeel INGSOC.
-- Headline of a document on Winston Smith's terminal in his cubicle at the Ministry of Truth, seen briefly in the background in one scene of the movie rendition of Nineteen Eighty-Four.

[pjp]

We don't nee no stinking trillion dollar coin.


Banks don't seem willing to implement a meaningful security solution, so this seems to be one of those occasions where "trust but verify" has demonstrated the necessity of taking action after the verification has failed. And having been involved with PCI/SOX audits, they're a joke (or at least can be).
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lolgov. 'cause where we're going, you don't have civil liberties.

In Loving Memory
1787 - 2008

[sundialsvc4]

The whole credit-card system was never designed for security (it was mostly put in place in the 1970's with very few real changes) but it's so widespread that banks eat billions of dollars a year in losses that they can't manage to shove-off onto the merchants. That's true worldwide.

[pjp]

Some put more effort into it than others.
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lolgov. 'cause where we're going, you don't have civil liberties.

In Loving Memory
1787 - 2008