How secure is MasterCard SecureCode?

paulpud

I logged into my credit card account yesterday to find a fraudulent transaction - £400 to Barclays pre-paid.

I took it up with my card provider who have now blocked my account and will re-issue cards but they indicated that the mastercard securecode had been reset and used to carry out the transaction. I do use my card a lot on the internet, and quite a few merchants now use this as extra security, but I'm always pretty careful who I give my card details to and always make sure I get the proper greeting before entering my password on the securecode page.

Just wondered if anyone else had encountered anything similar?

nzseries1

I haven't, but that's a bit worrying!

benoit

I've not encountered this myself but i'm sure i read about it on here before. Last year i think.

fenlander_uk

3D Secure fails every time I use it. On each occasion I have to reset the password; I then record the password, complete the transaction and check that the password works by logging into my Verified by Visa account. Next time a transaction needs verification, I enter the new password and it fails, so I start again (I'm actually pretty good with passwords...).

It is so easy to change the password - all that is needed is the card validation number and expiry date, plus the user's date of birth. Anyone who handles the card in the course of a transaction can easily lift the first 2 items. Anyone who has a Facebook page or blogs or twitters probably advertises the last the the world at large. The whole system is about as secure as a chocolate padlock.

But just try to find someone to complain to!