Nationwide say I am to blame for chip and pin theft

masonic

Turkey_Machine wrote: »

No, it's easier than that. It all comes down to maths, and the way computers do it. You have one card from the same batch, you can clone all the cards from that batch. Random seeing's a !!!!!! some days.

What you seem to be saying is that fraudsters can easily obtain the information needed to produce a whole batch of working cards from just one card? For the sake of argument, I'll take that statement at face value for now. Wouldn't insider infomation be needed to obtain the algorithm and seed used, thus rendering it impossibly difficult for all but a handful of bank employees? Also, can't a customer protect themselves from such fraud simply by changing their PIN from the default value it was set to when the card was issued?

Edit: Also, isn't it conventional for card issuers to set a replacement card's PIN the same as that of the expiring card. Wouldn't that screw up the supposed pseudo-random stream of information stored on the cards if any of them was a replacement card?

realaledrinker

Turkey_Machine wrote: »

Unfortunately, they're incredibly easy to clone.

Wot, the code on the chip?? Please provide links (other than to a "James" rant!)

freeoffers

glad u got your money back and glad you learnt from your mistakes. at the end of the day it is up to us all to take personal responsilbility for our property and that includes PIN numbers, no matter what the circumstances. that said it was pretty darn stupid of the nationwide, an otherwise good building society, to let your account go £400 over the overdraft. i just hope karma comes back to bite the thieves wher eit hurts!!