Complex Solutions to a Simple Problem

  • 18 December 2014
  • 0 replies
  • 177 views

Userlevel 7

My inbox has been flooded of late with pitches for new technologies aimed at making credit cards safer and more secure. Many of these solutions are exceedingly complex and overwrought — if well-intentioned — responses to a problem that we already know how to solve. Here’s a look at a few of the more elaborate approaches.
http://krebsonsecurity.com/wp-content/uploads/2014/12/sirenswipe-600x313.pngA promotion for the Siren Swipe technology.
Some of these ideas may have benefited from additional research into where financial institutions actually experience most of their fraud losses. Hint: Lost-and-stolen fraud is minuscule compared to losses from other types of fraud, such as counterfeit cards and online fraud. Case in point: A new product called Safe Swipe. From their pitch:
 
 
 
full article

0 replies

Be the first to reply!

Reply