Re: Banking security Was:PARSEC: SPAMMERS (not !)

Banks have been "Microsofted", especially in the USA. When banks start to compete to get customers, they start to add gizmos to their offerings.

When banks added those holograms to the credit cards, it was to reduce (or make harder) counterfeiting of cards.

When banks added those extra digits that are not embossed on the card and on the back of the card, it was to make sure someoone who had an imprint of your card didn't have enough info to start making internet purchases.

However now, because of MARKETING, their are adding RFID chips in credit cards so that you can "swipe" your card with a proximity reader. Neat marketing tool. But this is a definite HIGH RISK for credit card theft.

This means that anyone with an RFID reader can "sniff" prople's credit cards without the owner knowing about it. You can then clone the card and use it at any RFID reader equipped store. Because the store clerk doesn't handle your credit card, he cannot verify that your card is a fake.

So the banks, by introducing that trendy RFID thing, have actually greatly reduced the security of credit cards.
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