fredag den 14. august 2020 kl. 01.00.28 UTC+2 skrev Phil Hobbs:> On 2020-08-13 16:24, Martin Brown wrote: > > On 13/08/2020 19:43, Phil Hobbs wrote: > >> On 2020-08-13 12:58, edward.ming.lee@gmail.com wrote: > > > >>> Yes, we, the US, are defenders of old technologies. Many readers > >>> still use magnetic stripes. > >> > >> IIRC the banks got the consumer protection legislation loosened for > >> chip cards, so although chip cards help them, they're a net minus for > >> me, except for being able to use them in the rest of the world. > > > > How so? They are intrinsically more secure devices. > > > > There are a couple of very technical hacks possible but if they actually > > should happen to you there is an excellent UK expert witness available > > to demolish anything the banks might try on. > > > > https://www.bbc.co.uk/news/technology-19559124 > > > > > > I know they're more secure, but the insecurity of the mag stripes is the > banks' worry, not the cardholders', whose liability is limited to $50 no > matter what. I forget the details, but that legal protection has been > significantly eroded for users of chip cards. > > So it's entirely rational for US cardholders to prefer mag stripe cards > unless they need to buy gas in Europe.someone pays for all the fraud done with mag stripes, it is as near as impossible to hack or copy a chipcard
OT: Debit card with WiFi?
Started by ●August 11, 2020
Reply by ●August 13, 20202020-08-13
Reply by ●August 13, 20202020-08-13
On 2020-08-13 19:07, Lasse Langwadt Christensen wrote:> fredag den 14. august 2020 kl. 01.00.28 UTC+2 skrev Phil Hobbs: >> On 2020-08-13 16:24, Martin Brown wrote: >>> On 13/08/2020 19:43, Phil Hobbs wrote: >>>> On 2020-08-13 12:58, edward.ming.lee@gmail.com wrote: >>> >>>>> Yes, we, the US, are defenders of old technologies. Many readers >>>>> still use magnetic stripes. >>>> >>>> IIRC the banks got the consumer protection legislation loosened for >>>> chip cards, so although chip cards help them, they're a net minus for >>>> me, except for being able to use them in the rest of the world. >>> >>> How so? They are intrinsically more secure devices. >>> >>> There are a couple of very technical hacks possible but if they actually >>> should happen to you there is an excellent UK expert witness available >>> to demolish anything the banks might try on. >>> >>> https://www.bbc.co.uk/news/technology-19559124 >>> >>> >> >> I know they're more secure, but the insecurity of the mag stripes is the >> banks' worry, not the cardholders', whose liability is limited to $50 no >> matter what. I forget the details, but that legal protection has been >> significantly eroded for users of chip cards. >> >> So it's entirely rational for US cardholders to prefer mag stripe cards >> unless they need to buy gas in Europe. > > someone pays for all the fraud done with mag stripes, > it is as near as impossible to hack or copy a chipcardWhy do I care? The banks spent the money lobbying for the change, certainly not for my benefit. If it blew up in their faces, too bloody bad. Cheers Phil Hobbs -- Dr Philip C D Hobbs Principal Consultant ElectroOptical Innovations LLC / Hobbs ElectroOptics Optics, Electro-optics, Photonics, Analog Electronics Briarcliff Manor NY 10510 http://electrooptical.net http://hobbs-eo.com
Reply by ●August 14, 20202020-08-14
On 14/08/2020 00:07, Lasse Langwadt Christensen wrote:> fredag den 14. august 2020 kl. 01.00.28 UTC+2 skrev Phil Hobbs: >> On 2020-08-13 16:24, Martin Brown wrote: >>> On 13/08/2020 19:43, Phil Hobbs wrote: >>>> On 2020-08-13 12:58, edward.ming.lee@gmail.com wrote: >>> >>>>> Yes, we, the US, are defenders of old technologies. Many readers >>>>> still use magnetic stripes. >>>> >>>> IIRC the banks got the consumer protection legislation loosened for >>>> chip cards, so although chip cards help them, they're a net minus for >>>> me, except for being able to use them in the rest of the world. >>> >>> How so? They are intrinsically more secure devices. >>> >>> There are a couple of very technical hacks possible but if they actually >>> should happen to you there is an excellent UK expert witness available >>> to demolish anything the banks might try on. >>> >>> https://www.bbc.co.uk/news/technology-19559124>> >> I know they're more secure, but the insecurity of the mag stripes is the >> banks' worry, not the cardholders', whose liability is limited to $50 no >> matter what. I forget the details, but that legal protection has been >> significantly eroded for users of chip cards. >> >> So it's entirely rational for US cardholders to prefer mag stripe cards >> unless they need to buy gas in Europe. > > someone pays for all the fraud done with mag stripes, > it is as near as impossible to hack or copy a chipcardNever say never. There are a couple of technical attacks that will work and typically get deployed to busy garages by fake service engineers. Any moron with a reader can skim a magnetic stripe card. Chip and PIN requires real technical skill and a doctored terminal device. -- Regards, Martin Brown
