One interesting thing going on that really intrigues me: Russia, because Putin is not very happy with the USA et al for his adventurism in Ukraine, says he's creating his own internet. And most of the credit card fraud crime is originating from Russia and its former satellites. I would SO LOVE to see those criminals turn their attention against Russia.
It won't happen, but a man can dream.
From what I've read on Kreb's site, C&P won't eliminate fraud, but it'll severely curtail it. Obviously end-to-end encryption won't solve it as the Target malware got in to the POS system at the card reader level, before encryption would kick in. C&P should eliminate 'card present' transactions, but I don't know if it'll do anything against internet purchase fraud. Well, we'll have it mostly everywhere over here in about a year, so we'll see what happens.
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timeasmymeasure
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Date: 2014-09-27 10:47 pm (UTC)It won't happen, but a man can dream.
From what I've read on Kreb's site, C&P won't eliminate fraud, but it'll severely curtail it. Obviously end-to-end encryption won't solve it as the Target malware got in to the POS system at the card reader level, before encryption would kick in. C&P should eliminate 'card present' transactions, but I don't know if it'll do anything against internet purchase fraud. Well, we'll have it mostly everywhere over here in about a year, so we'll see what happens.