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energyman76b Advocate


Joined: 26 Mar 2003 Posts: 2045 Location: Germany
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Posted: Thu Jan 10, 2013 6:23 pm Post subject: USA behind large scale card fraud: |
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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. _________________ Study finds stunning lack of racial, gender, and economic diversity among middle-class white males
I identify as a dirty penismensch. |
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Bones McCracker Veteran


Joined: 14 Mar 2006 Posts: 1605 Location: U.S.A.
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Posted: Thu Jan 10, 2013 7:26 pm Post subject: |
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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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pjp Administrator


Joined: 16 Apr 2002 Posts: 17118
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Posted: Fri Jan 11, 2013 2:22 am Post subject: |
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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). _________________ I can saw a woman in two, but you won't want to look in the box when I'm through.
For my next trick, I'll need a volunteer. |
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sundialsvc4 Guru

Joined: 10 Nov 2005 Posts: 436
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Posted: Fri Jan 11, 2013 3:13 am Post subject: |
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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. |
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pjp Administrator


Joined: 16 Apr 2002 Posts: 17118
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Posted: Fri Jan 11, 2013 3:33 am Post subject: |
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Some put more effort into it than others. _________________ I can saw a woman in two, but you won't want to look in the box when I'm through.
For my next trick, I'll need a volunteer. |
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