How many more victim cardholders will be blamed for fraud now just because the allegedly infallible computer system says “PIN verified”? As noted by Frank Staj

How many more victim cardholders will be blamed for fraud now just because the allegedly infallible computer system says “PIN verified”? As noted by Frank Stajano, it is amazing the comment by "the UK Cards Association (02:06 in the video clip) that the method will never present a real threat to our customers’s cards because… drum roll… it requires possession of a customer’s card. A bit like going from “it would be very hard for a thief to steal your card AND at the same time figure out your PIN in 3 tries or less” to “it would be very hard for a thief to steal your card”."