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allanprg · 08-04-2005, 21:44

Yes I saw the program. And yes while the magnetic strip stays on the back of credit/debit cards,the criminal will always be able to circumvent the chip.
You can see how easy it was with the right equipment. Take away the magnetic strip and make all cards chip read only and also the shop readers chip read only.Then it would be a lot safer. But that is years away. Until that time you have to be vigilant. I always cover the shop chip readers with my hand as I put in my code. And don't give your security info to anyone on the phone. Banks never ask for this info at all. Especially on the phone.

08-04-2005, 21:44	#7
allanprg Inactive Join Date: Jun 2003 Location: Southsea Services: Virgin Media Superhub 30mb, Digital tv & phone Posts: 471	Re: Chip and Pin Fraud Yes I saw the program. And yes while the magnetic strip stays on the back of credit/debit cards,the criminal will always be able to circumvent the chip. You can see how easy it was with the right equipment. Take away the magnetic strip and make all cards chip read only and also the shop readers chip read only.Then it would be a lot safer. But that is years away. Until that time you have to be vigilant. I always cover the shop chip readers with my hand as I put in my code. And don't give your security info to anyone on the phone. Banks never ask for this info at all. Especially on the phone.