Re: Times: Fraud victims left in the lurch by banks

In message <432crrF1kr493U1@xxxxxxxxxxxxxx>, Tumbleweed <thisaccountneverread@xxxxxxxxx> writes 

"john boyle" <john@xxxxxxxxxxxxxxxxxxxxxx> wrote in message
news:PoxOZEHbPvyDFw0H@xxxxxxxxxxxxxxxxxxxxxxxxx

The point is simple : C&P cards are a damned sight harder to clone. 

No, it makes *using* a cloned card harder, not making one. As the article
shows all you need to do is clone the magstripe which is on the C&P card and
take it to the correct ATM.

We need when talking here to differentiate between C&P Technology and a C&P
card.
A C&P *card* can be cloned, and used, as we saw. C&P technology cant be
cloned but thats irrelevant since we dont have C&P technology cards, we have
C&P cards which conveniently have a magstripe on them.

I think you are being a bit obtuse here. For us in UK, after 14/2 I dont think there will be any magstripe ATMs in UK. The old technology is just for non UK use. 

In UK this will reduce the main and incipient source of card fraud. Misuse
of PINs is irrelevant, because with C&P (as far as I can see) it doesnt
matter how many people know you pin, its whether they have your card that
matters.

The OP was about a magstripe clone fraud, they very typoe C&P is here to
stop. OK, it wont work abroad, so is that a reason not to have it? Nobody
has said it is the panacea of all evils, but it helps.


helps who?


Regarding banks attitudes, then I wont insult you by repeating any of the
numerous true stories I have posted here in the past about the prevalent
widespread misuse of PINs by cardholders who pass the PINs to friends and
relatives. These days, explaining your problem to a cashier is futile, to
believe what they say is stupidity. You need to press on.

 NONE of the news reports we have seen here about PIN misuse relates to
C&P technology, it ALL relates to the least bits of magstripe technology
as it is phased out.


Magstripe technology is not being phased out. C&P cards still have
magstripes and will have for the indefinite future.

And what machines will read them? 


I would like to see what this group is reporting about card misuse in a
year's time and then we can see what actually happens in particular to see
if the hysteria and neuroses have died down.

--
John Boyle


Indeed.

Yes.
--
John Boyle
.

Relevant Pages

  • Re: Times: Fraud victims left in the lurch by banks
    ... Whereas in the past they paid the 3% markups, ... It's like introducing some new magic technology which is somehow going to ... UK this will reduce the main and incipient source of card fraud. ... of PINs is irrelevant, because with C&P it doesnt ...
    (uk.finance)
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    ... studying now is security involing magstripe systems. ... we have been asked to analyze the security of the card ... vending machines are not connected to a network so each machines ... We have purchased a magstrip reader and writer. ...
    (sci.electronics.design)
  • Re: Korean bank Moves back to Mainframes (...no, not back)
    ... supposedly the chipcard was hard to counterfeit *AND* had two-factor ... the problem with skimming (whether for the "yes card" or magstripe) ... ... counterfeit magstripe) in a counterfeit "yes card" chip. ...
    (bit.listserv.ibm-main)
  • Re: Times: Fraud victims left in the lurch by banks
    ... A modern plastic card carries two systems, magstripe and C&P, with some interrelation. ... What you are saying is that because a card that carries both technologies is generally referred to as a C&P card, and because the old type only carries one, then any card of the new type but which oinl;y has the magstrip copied is to be described as 'cloned'. ... Secondly, despite the upgrade of all bank ATMs to C&P you still, for some unexplained reason, still regard this copying of magstripe cards as some huge threat. ...
    (uk.finance)
  • Re: Times: Fraud victims left in the lurch by banks
    ... No, it makes *using* a cloned card harder, not making one. ... We need when talking here to differentiate between C&P Technology and a C&P ... C&P cards which conveniently have a magstripe on them. ... > of PINs is irrelevant, because with C&P it doesnt ...
    (uk.finance)