18 October 2017


Retired Member

3,170Posts 11,342,276Views 3,405Comments
A post relating to this item from Finextra:

Halifax facing chip and PIN fraud lawsuit

07 January 2008  |  16431 views  |  0
UK high street bank Halifax is facing a lawsuit brought by a customer who claims that fraudsters cloned his chip-based card and withdrew £2100 from his account at ATMs.

Interesting precedent to be set...

07 January 2008  |  2955 views  |  0

What will the consequences be either way, Ladies & Gentlemen?

That there are flaws within the system itself is obvious.  The fallback to signature if there's a fault with the chip is just too simple to exploit.  Is the issue the technology within the mag-stripe and chip, or is it that there are basic problems with PIN itself?

But if it's the case that Chip & PIN isn't the magic bullet that it was touted as, do the banks have a viable alternative?

Who else has seen GrIDsure? 

Comments: (0)

Comment on this story (membership required)

Retired's profile

job title
member since 2014
Summary profile See full profile »

Retired's expertise

Member since 2009
3119 posts3,405 comments
What Retired reads

Who's commenting on Retired's posts

Ketharaman Swaminathan
Dharmesh Mistry
Nicola Cowburn
Michael Wright
Charmaine Oak
Francis Chlarie
Raymond Lee
Deepthi Rajan
Melvin Haskins
João Bohner
Bob Lyddon
Urs Meier