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Cash withdrawls via credit card
Comments
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All you need is a chip reader rather than a magnetic strip reader.
Not true. The chip can't be "read" in the conventional sense. It only receives the PIN and transaction details, then decides whether the PIN is correct and cryptographically generates a unique auth code. Cloning the chip is a far from straightforward task.
OTOH, as I have discussed here before, Chip and PIN is not the perfectly secure scheme they claim it is. They refused to open it up to academic scrutiny - an essential requirement for truly secure cryptography. The security of the scheme should not be reliant on "trade secrets". Cryptography experts have already reverse-engineered it and found flaws which enabled them to defeat the authorization and generate "PIN verified" transactions without ever knowing the PIN.0 -
what did the Police say when you reported it to them?
i.e it soudns liek fraud as you are suggesting or
it is not fraud as BC and FOS are suggesting.0 -
Dont feed the troll here please.0
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