It's about time we caught up to the rest of the world in credit card
security. I've had a chip card here in the US for about the past year and
I'm amazed that some machines can't handle the technology.
The US is years behind in implementing this technology.
And the technology to subvert this "innovation" already exists. I
participated in a demonstration at a local mall wherein a "perpetrator"
used a small electronic device inside a briefcase to scan my smartcard RIGHT IN
MY WALLET and glean all my personal information including ALL accounts I
currentlY use from both banks to bills to stores to gasoline purchses and
beyond. It was quite impressive - and more than just a little unnerving. I have
since gotten rid of my chipped cards and have advised others to follow suit. Unless the technology has vastly improved, the only difference I can see is
that info can be stolen one at a time rather than 110 million at a time. Not
much consolation when my balances start to skyrocket.
Cleetorn - you saw this... against your own data? If true, that "walk
by" demonstration is very impressive since any data on the card is encrypted
and it was able to authenticate a connection.No solution is
perfect.... but a chipped card is by far more secure than "standard"
cards. Some security is far better than so security, which any server in a
restaurant can compromise a credit card with paper and pencil. It is about
time we did more than we have been.
Nice step in the right direction.My hope is we'll continue and
develop biometric IDs to the point where that is all we need to engage with the
various elements of society that now require positive Identification.The technology has existed for at least a decade and has only improved over
that time. No more worry about disclosing one's SS driver's license
numbers. No more passwords or security questions. No more reliance on
something as variable and forgeable as a signature. Just be yourself, and prove
it with any one of several unique, biometric methods that ONLY YOU posses.I hope it happens sooner rather than later.