Why the Heyday of Credit Card Fraud Is Almost Over
The golden age of credit card fraud is drawing to a close, and history will regard Home Depot, TJX, Target, and all other breaches as a single massive exploit against one catastrophic security hole: The banks’ use of roughly 23 characters of magnetically encoded data as the sole authentication mechanism for a consumer payment infrastructure that generated 26.2 billion transactions in 2012 alone.

September 25, 2014 at 08:42AM
via Digg http://ift.tt/1mZ6rlR