Will 'Chip and Pin' Credit Card Technology Really Increase Security? (Video)

The answer seems to be: sort of, a little, but not a whole lot, according to Jerry Irvine, who is a member of the U.S. Chamber of Commerce Cybersecurity Leadership Council and CIO of Chicago-based Prescient Solutions. More security theater? It sounds that way when Jerry starts reeling off the kinds of attacks the new cards will do nothing to prevent. Even so, October 1 is the date after which merchants are supposed to be liable for fraudulent purchases made with old-style cards, and are supposed to have point of sale terminals that accept "chip and PIN" cards.