New Apple Mac Pro - Episode 2

Comments

Rob Franks wrote on 1/22/2014, 4:16 AM
"I was also advised by my bank that all credit card transactions must now include the 3 digit security number."
The 3 digit security number is actually for times when the pin is not practical or can not be used. With internet transactions for example, they will ask for your name, account number, expiry date, and now the security number as well. It's located on the BACK of the card in a non raised form.
Chienworks wrote on 1/22/2014, 10:32 AM
That one confuses me a bit. If someone has stolen your credit card then they have the security code, so it's not really security at all. What they don't have is your PIN.

Then again, whether they ask for PIN or CVV code, once they have it, they have it, and it's in their database, however temporarily, available to be scarfed by hackers.
OldSmoke wrote on 1/22/2014, 10:37 AM
The difference is that the PIN remains in the chip on the card and is not stored in any database, not even temporarily. I know that because I have a friend that does work for banks and CC companies. You can even have a system where the PIN is used to encrypt the information that is transmitted and stored. It is by far superior to a CVV code as long as don't pass it on or write on the back of your card so don't forget it.

Proud owner of Sony Vegas Pro 7, 8, 9, 10, 11, 12 & 13 and now Magix VP15&16.

System Spec.:
Motherboard: ASUS X299 Prime-A

Ram: G.Skill 4x8GB DDR4 2666 XMP

CPU: i7-9800x @ 4.6GHz (custom water cooling system)
GPU: 1x AMD Vega Pro Frontier Edition (water cooled)
Hard drives: System Samsung 970Pro NVME, AV-Projects 1TB (4x Intel P7600 512GB VROC), 4x 2.5" Hotswap bays, 1x 3.5" Hotswap Bay, 1x LG BluRay Burner

PSU: Corsair 1200W
Monitor: 2x Dell Ultrasharp U2713HM (2560x1440)

Chienworks wrote on 1/22/2014, 12:14 PM
Great! So why isn't the PIN used instead of the CVV code?
rs170a wrote on 1/22/2014, 12:30 PM
Great! So why isn't the PIN used instead of the CVV code?

I NEVER give my PIN away to anybody. I consider it stronger than a secure site password and the fewer people that know it the better.

Mike
Arthur.S wrote on 1/22/2014, 12:44 PM
Got a call just today from the bank. A purchase of £2990 was blocked by their anti-fraud dept. And one of £590 had been authorised. The last one is being refunded to me. I normally use PayPal, but just before Christmas bought a few things from Amazon market place. Only place they could have got the details. It's a constant war being fought against the bad guys.
OldSmoke wrote on 1/22/2014, 12:51 PM
In order to use PIN you need a credit card with a chip and I haven't seen one here in the US. Correction, my HomeDepot card has a chip but not sure what it does as I didn't get a PIN for it. Also keep in mind that the PIN is only used for debit charges or cash withdrawal as an additional security measure. The chip itself has a code that is also necessary to complete any transaction and the chips so far have not been hacked yet.

Proud owner of Sony Vegas Pro 7, 8, 9, 10, 11, 12 & 13 and now Magix VP15&16.

System Spec.:
Motherboard: ASUS X299 Prime-A

Ram: G.Skill 4x8GB DDR4 2666 XMP

CPU: i7-9800x @ 4.6GHz (custom water cooling system)
GPU: 1x AMD Vega Pro Frontier Edition (water cooled)
Hard drives: System Samsung 970Pro NVME, AV-Projects 1TB (4x Intel P7600 512GB VROC), 4x 2.5" Hotswap bays, 1x 3.5" Hotswap Bay, 1x LG BluRay Burner

PSU: Corsair 1200W
Monitor: 2x Dell Ultrasharp U2713HM (2560x1440)

Chienworks wrote on 1/22/2014, 2:37 PM
Can't be true. None of my debit cards have chips in them, and they all work just fine with PINs. If it works for chipless debit cards then it would be trivially easy to make it work for chipless credit cards too.
OldSmoke wrote on 1/22/2014, 3:25 PM
Chienworks

Yes, your chipless card works with the PIN but that PIN is also stored in a database and that is where the problem comes from. The idea of the chip is to have an additional part of security in the card that can't be hacked. It's like a bank deposit box that needs two keys whereby one is with bank and one is with you.
When I received my new European credit card with a chip last year it came with a letter explaining that if I use it on a machine or a transaction that doesn't access the chip, such transactions are potentially unsafe and should be avoided. It can still be done, I can use my card overseas and online but it is unsafe. Only until all institutions and retailers have changed to chip cards, new cards must still work with the old system.

Proud owner of Sony Vegas Pro 7, 8, 9, 10, 11, 12 & 13 and now Magix VP15&16.

System Spec.:
Motherboard: ASUS X299 Prime-A

Ram: G.Skill 4x8GB DDR4 2666 XMP

CPU: i7-9800x @ 4.6GHz (custom water cooling system)
GPU: 1x AMD Vega Pro Frontier Edition (water cooled)
Hard drives: System Samsung 970Pro NVME, AV-Projects 1TB (4x Intel P7600 512GB VROC), 4x 2.5" Hotswap bays, 1x 3.5" Hotswap Bay, 1x LG BluRay Burner

PSU: Corsair 1200W
Monitor: 2x Dell Ultrasharp U2713HM (2560x1440)

Chienworks wrote on 1/22/2014, 4:13 PM
And how long will it take thieves to learn how to read the PIN stored in the chip on stolen cards?
Rob Franks wrote on 1/22/2014, 4:27 PM
"In order to use PIN you need a credit card with a chip and I haven't seen one here in the US."

Actually , no. PINs will work with mag strips too. Our credit cards have been PIN active for longer than we have had chips. The PIN's however on the credit cards (at one point in time) were only required when used in auto teller machines (ATM's) for cash advances. That of course is a different story for us now.

Chips simply offer better counterfeit protection which is why they're used now over mag strips now.