New Identity Theft Technology Fails to Protect

Nuclear Elephant writes "According to BBC News, identity thieves are quickly adapting to new technologies such as chip-and-pin credit cards using human nature tactics rather than cracking the technology. At least that's what Dr. Emily Finch (UEA), who interviews career criminals about their activities, claims. Finch swapped credit cards with a male coworker and performed a number of transactions without being challenged by cashiers. Finch also believes biometric identity cards will only exacerbate the problem. Regardless of which side of the fence you sit on, could this take us closer to embedded chips under the skin?"

Comments

Re:Credit Cards

[zippthorne]

In the US, your liability in the event of loss/theft if your credit card is limited by law to $50 (provided you inform the bank as soon as you realize what happened). Debit cards have no such protection beyond whatever contract you and the bank agree to. Therefore, If you insist on using a debit card where you would previously have used a credit card, it behooves you to not only read the contract thoroughly, but also consult a lawyer as to the enforceability of the contract.