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Comments

  • TrickyWicky
    TrickyWicky Posts: 4,025 Forumite
    But not impossible.
  • Oli.s
    Oli.s Posts: 548 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I thought the bank didn't know your PIN number so how would they now how easy it was to guess?
  • Orford
    Orford Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Ah yes, but the chance of getting it right in the 3 goes you have are remote.

    Not as remote as you might think.

    1234 accounts for 10.7% of all pins, followed by 1111 and 0000. Just these three combinations account for 18.6% of pins and the most common 20 combinations are responsible for more than a quarter of all pins in use.

    http://www.guardian.co.uk/money/blog/2012/sep/28/debit-cards-currentaccounts
  • But not impossible.
    Its not impossible that David Iyke is an alien but unlikely.
    I'd rather be an Optimist and be proved wrong than a Pessimist and be proved right.
  • The Father of a friend of mine, was / is one of the developers of the security code used in the processing of transactions between banks and cash machines. He was also a consultant on chip & pin. He routinely tells me that security was second place to the cost of implementation, there were much safer proposals on the table when decisions were made on what system to adopt.

    When i say was / is. The security system is a closely gaurded secret involving 3 independant parties, with 3 unique encryption technologies, and only each party know their own part, so despite having retired, is still retained as a consultant for any issues.

    By far and away the best strategy would have been to have a thumbprint on a cetral server and a card reader that checked your thumb against the master on, and no pin or print held on the card., but like you say, they were never going to spend money on that.
  • rdwarr
    rdwarr Posts: 6,159 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    NotanIdiot wrote: »
    By far and away the best strategy would have been to have a thumbprint on a cetral server and a card reader that checked your thumb against the master on, and no pin or print held on the card., but like you say, they were never going to spend money on that.

    Possibly because the consequences are horrific. Much easier for a desperate gang to cut of your thumb than guess a four-digit number.
    Can I help?
  • SodG24
    SodG24 Posts: 1,123 Forumite
    rdwarr wrote: »
    Possibly because the consequences are horrific. Much easier for a desperate gang to cut of your thumb than guess a four-digit number.

    Modern equipment can tell if it's a "live" digit. Regardless, that's why you would need dual authentication such as a pin or password.
    All aboard the Gus Bus !
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