Friday, August 8, 2008

How secure is your card info?: BBC

By Maggie Shiels 
Technology reporter, BBC News Website, Silicon Valley

In light of the biggest identity theft case ever prosecuted in America, the spotlight is being turned on just how secure is our credit and debit card information? 


The question is a simple one but the answer might appear to be a bit harder to pin down. 

VeriSign, a firm that secures websites for e-commerce, told the BBC that credit and debit card information is "vulnerable" but they are working with retailers to change that. 

"Credit and debit card information is just not incredibly secure," said Perry Tancredi, VeriSign's senior product manager for fraud detection. 

"But it is counterbalanced by the amount of fraud losses due to cheque fraud and direct debit fraud which is much greater than credit card fraud." 

Mr Tancredi said: "Regardless of how strong the security measures, and how vigilant, the weak part of the chain is there is always a human who is responsible and who has overall control over the information." 

He suggested the best bet was for all consumers to "assume that there will be some sort of fraud on your account sooner or later" and put in place a plan to deal with it.

For more on this article, please click on the following link: How secure is your card info?: BBC

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