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Oh we're past chips, and have NFC enabled credit cards. Which is even worse, see http://privacy-pc.com/articles/hacking-in-the-far-east-7-too-near-field-communi
by ojii 10y ago
Oh we're past chips, and have NFC enabled credit cards. Which is even worse, see http://privacy-pc.com/articles/hacking-in-the-far-east-7-too-near-field-communication.html http://privacy-pc.com/articles/hacking-in-the-far-east-7-too...
- gambiting 10y agoContactless only lets you spend 25 pounds(so I guess $30-40) in a single transaction, you can only do 5 a day(until you have to enter the pin), and it's impossible to withdraw cash using it. The card also won't surrender its data without a valid decryption key from an authorized terminal. I have absolutely no idea how you can even describe contactless as "worse" in this case.
- tim333 10y agoYeah, 'the trade body said fraud via the cards was "extremely low", at less than one penny for every £100 spent.' (bbc)
- kalleboo 10y agoWell if we're on the topic of Japan, contactless lets you spend 20,000 yen (125 GBP) in one transaction. Fraud is definitely a lesser concern in this country of lower crime rates. I'm afraid it will probably be tightened up as they globalise.