This is not strictly true in all parts of the world. While this is the “default” way a credit card works, in my country chips and additional two part authentica

This is not strictly true in all parts of the world. While this is the “default” way a credit card works, in my country chips and additional two part authentication has been mandatory for many years. Any transaction over a certain amount has to be verified via OTP (often over SMS) or other authentication software.