Bank scams security

[GTM 3442]

"Why would I want to carry my wallet with me when I've got everything I need in the phone ?"

Because I don't want a single point of failure - I want redundancy-based resilience.

[Snoopy]

It may well be but if you leave home without your mobile phone, I suggest you belong to a small minority of people. If you don't carry a mobile phone on you when you're out, you are clearly not in the target market for the Apple Pay technology !!

Well that depends. If I am trying to meet someone at a variable time and place, then yes, I take my mobile phone. But if I am at a concert or a sports event or doing the shopping where I don't want to be interrupted then no, my mobile phone stays at home. I have my mobile phone set up so that it automatically records any incoming calls I have missed, without the incoming caller leaving a message. I find there are few calls that I get where I need to reply urgently, and there are merits in replying 'not that quickly'.

https://coub.com/view/wuwqv

Why would I want to carry my wallet with me when I've got everything I need in the phone ?

And you're also wrong about the 6 figure code. As Bjauck said, EITHER a face recognition that most people have, or a 6 digit code.

There are a few issues with facial recognition software.

https://senstar.com/senstarpedia/fac...tion-problems/

"Why would I want to carry my wallet with me when I've got everything I need in the phone ?"

Because I don't want a single point of failure - I want redundancy-based resilience.

Spot on

SNOOPY

[iceman]

Well that depends. If I am trying to meet someone at a variable time and place, then yes, I take my mobile phone. But if I am at a concert or a sports event or doing the shopping where I don't want to be interrupted then no, my mobile phone stays at home. I have my mobile phone set up so that it automatically records any incoming calls I have missed, without the incoming caller leaving a message. I find there are few calls that I get where I need to reply urgently, and there are merits in replying 'not that quickly'.

https://coub.com/view/wuwqv



There are a few issues with facial recognition software.

https://senstar.com/senstarpedia/fac...tion-problems/



Spot on

SNOOPY

You are definitely not their target market with this widely used technology Snoopy, nor is GTM by the looks of it

[Zaphod]

Good question, which I had not thought about before. So while chatting to my cousin tonight, I asked him....

My cousin and his wife were at Paddington Station in London, sorting out their travel. Unusually my cousin had his VISA card in his back pocket as a stand alone card, to save him diving into his travel bags to get it. The opportunity this presented for electronic theft, and the timing of subsequent 'stolen transactions' was the reason my cousin decided this was where the card skimming happened. A railway station is also the perfect cover for an opportunistic thief, as all sorts of legitimate people are 'loitering about' with good reason. If his card had been in his wallet with other cards, in that case the electronic signal as read by a scanner would have been corrupted. So my cousin decided Paddington Station was the best opportunity for such electronic theft, given it was the only time his VISA card was in his back pocket and not in his wallet as per normal.

SNOOPY

Understanding the types of transactions that appeared on the card can be helpful to determine the most likely way in which the data was stolen. Were the fraudulent transactions card-not-present (e.g. online store) or were they card-present (e.g. in-store retail) transactions? If the transactions occurred in-store, did the issuer reveal whether they were PayWave transactions, chip & pin, or mag-stripe transactions?

Successfully committing fraudulent card-present transactions using PayWave or Chip & Pin transactions is very difficult. The most common method used to commit credit-card fraud is to harvest the credit card number & CCV to commit card-not-present transactions using online retailers. These card details can be harvested from compromised websites or client devices (e.g. a copy of the card number is relayed when typed into the secure form), installing malware on a POS terminal itself, skimming the magstripe data, or simply installing cameras to record views of the upper and lower side of the card.

[GTM 3442]

You are definitely not their target market with this widely used technology Snoopy, nor is GTM by the looks of it

Who knows whether or not I'm "their" target demographic.

Now, once upon a time, about five years ago I think, I was in a shop wanting to spend some money on some small something.

Sadly, there was a power cut, so they couldn't use their EFTPOS card reader to read either my card or my phone.

Happily, I had cash.

Sadly, they couldn't use the till without power.

Happily I am a resilient bloke (and fond of systemic redundancy) and said "Take these three five dollar notes and do all your paperwork when the power comes back on. Have a great day, goodbye", and pushed the door open.

It might have been different if I'd only had a hundred buck note though. . .

[Zaphod]

"Why would I want to carry my wallet with me when I've got everything I need in the phone ?"

Because I don't want a single point of failure - I want redundancy-based resilience.

As long as we recognise with increased resilience comes increased risk.

[blackcap]

Who knows whether or not I'm "their" target demographic.

Now, once upon a time, about five years ago I think, I was in a shop wanting to spend some money on some small something.

Sadly, there was a power cut, so they couldn't use their EFTPOS card reader to read either my card or my phone.

Happily, I had cash.

Sadly, they couldn't use the till without power.

Happily I am a resilient bloke (and fond of systemic redundancy) and said "Take these three five dollar notes and do all your paperwork when the power comes back on. Have a great day, goodbye", and pushed the door open.

It might have been different if I'd only had a hundred buck note though. . .

I'm like you. Always carry plenty of cash with me in my wallet. Normally 4-5 $50's a couple of $20's and some smaller stuff. You never know when it comes in handy.

[GTM 3442]

As long as we recognise with increased resilience comes increased risk.

And increased utility.

It's a perpetual trade-off - risks have to be managed but cannot be eliminated.

G*d bless the twenty-first century and all who sail in it!

[Bjauck]

So instead of entering a 4 digit number into the eftpos machine, you get to enter a 6 digit number into your phone. Doesn't sound like much of an advantage to me!

SNOOPY

I just smile at my phone and I have transferred a few bob 😃. It does not take any time and it is more secure than using a card.

[Bjauck]

Yes but an iPhone is a lot more bulky that a card wallet, or even a full money card wallet.

SNOOPY

I would feel naked without my phone! I use it for so much - maps, emails, torch, music, sky tv, TVNZ and other entertainment, news, aide-memoire, schedule, presentations, calendar, watch, personal trainer, shorter Oxford dictionary etc. All of which I use several times a day. And it is a credit card, eftpos and phone too! Sure there is jeopardy if it gets lost or stolen, but it us backed up to the iCloud.