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Unless the legislature forces this, I doubt it will happen. The banks and credit cards have turned these exploits into a problem of the individual instead of a
by 67726e 10y ago
Unless the legislature forces this, I doubt it will happen. The banks and credit cards have turned these exploits into a problem of the individual instead of a problem of the institution (which has shit security). So you and I get stuck with the fraud and they get paid, typically.
- basseq 10y agoI've been the victim of a couple forms of fraud (fraudulent charges in TX, Macy's CC opened in my wife's name) and the CC companies bent over backwards to accommodate us. No hesitation that the charges would be reversed, holds placed on the account, and new cards sent. That and fraud detection is getting better. I went home to visit my parents (2 hours away), got gas, then exchanged USD for €300. That triggered their algorithms (as well it should have), and I got a text about 10s after I swiped my card.
- 67726e 10y agoThat's interesting that my mom has had the exact opposite experience with getting their identity stolen and fraudulent cards opened in their name.
- novaleaf 10y ago> So you and I get stuck with the fraud and they get paid, typically. Not true with credit cards, but very true with debit cards. Don't use/carry debit cards. have your bank re-issue you an ATM-only card instead.