Security Info Breaches From Credit/Debit Cards In The U.S.–NOT in Canada

With the recent Target store  security info breach from credit/debit card use during last year’s Black Friday sales week in the U.S. and the discovery of an alleged Russian mob responsible for such a cybercrime, it’s perhaps time for the U.S. companies to adopt the European method of enforcing credit/debit card security, even if it’ll be a little costly to implement.

Here in Canada, the adoption of embedded microchip in both credit/debit cards is also used in Europe. It involves slipping the microchip side of the card to a slot in the card reader upon cashier checkout and typing in one’s PIN after which the transaction is finalized.

No more need for magnetic swiping nor written signatures. In case, you lose your card and someone picks it up, that person if he’s dishonest will not be able to use it unless the PIN was written on the card. Believe me,there are  some folks who are too lazy to use even 1% of their brain cells to memorize their PIN. If they make it a habit to memorize it,it’ll be like doing it automatically,like brushing teeth for example.

Of course,if I happen to be in the U.S.,using my Canadian credit card would involve using the magnetic strip since the U.S. card readers are only programmed for magnetic strips being swiped upon  cashier checkout.

It’s something to seriously consider to thwarting all those sophisticated card hackers. That magnetic strip behind our cards contains all our personal info.

If all security precautions are uniformly implemented worldwide,there’ll be much less security breaches.

Josie

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