Solve : More Massive Credit Card Rips.?

More Massive Credit Card Rips.
Google those keywords and find many stories over the past few years. But the news here is that this year it is getting worse.

Why is it worse? Because of Personal Computers and an evil device you can buy at a local flea market near you. I will not post the ugly details hee, but just do a Google search and see that it is better much too easy to become a professional theft using any personal computer.

Here are a few recent stores for credible sources. There are more out there. This is is not limited to North America.
http://money.cnn.com/2012/03/30/technology/credit-card-data-breach/index.htm
http://www.forbes.com/fdc/welcome_mjx.shtml
http://www.wivb.com/dpp/news/local/massive-credit-card-hack
http://www.pcworld.com/article/158003/massive_theft_of_credit_card_numbers_reported.html
http://www.whiotv.com/news/news/credit-card-theft-investigation-celina/nNQGG/
http://nakedsecurity.sophos.com/2012/03/30/mastercard-and-visa-payment-processor-compromised-up-to-10-million-cards-stolen/

Because this has been going on for some time, you would expect that by now there would be a reduction by new method being used by the big companies. But it is really getting worse, not better.

You can also fin a video that shows how they do it.
Go find it yourself. Or TWIST my arm.No comment.Quote

Litan, the Gartner analyst, is skeptical about whether the credit card industry will invest the money and time required to switch to a more secure system, like "smart cards" embedded with chips, which are used in some foreign countries.

Some foreign countries... just a few dinky little countries, you'd think, to hear that American... I have had an EMV card for 8 years here in Britain, and around 100 countries around the world have already migrated, in fact the developed world outside the US are either using them or planning the changeover. In Europe migration to EMV is nearly 100% now. Fraud figures have shown a clear decline (80% drop in France) when compared to magnetic stripe only, and fraud has moved to areas where there is no chip enabled infrastructure, like the USA or to card not present transactions, such as Internet payments. The U.S. market has been caused to stir following announcements by Visa and MasterCard of specific incentives to migrate to EMV. The United States had previously rejected the migration to EMV on the basis of a nonexistent business case and a complex infrastructure. The attitude of some issuers initially began to CHANGE as they FOUND U.S. cardholders were increasingly facing issues when travelling abroad and trying to pay with magnetic stripe cards in markets where merchants rejected non-chip payments.


My bank card has a chip.

Then again, I'm also in a dinky little country too.

Quote

Why is it worse?

The only reason think it's worse is because, based on your other thread, you've had to deal with it yourself.Thank you both.
EMV From Wikipedia, the free encyclopedia
I never knew. Media here never mentions 'smart cards'. You would think that would be an obvious solution. Yet the mass media has done NOTHING to educate nus average citizens that there could be an alternative.

Yeah, I have been ripped off. So fart they have not stolen my identity. Just my money.

Here in the USA you can buy you kid a cheap toy with a Integrated Circuit. Like a watch. for $1. And that has more smart silicon that your credit card. Because the credit card does not even know what time it is. No silicon at all. But the the Major companies can not afford even a toy watch that keeps time.