Just goes to show you that criminals are always going to find a way. Of course the very people creating these safety standards know there are ways to break the code. The key is to find the most difficult to hack..
And the loophole. It's funny, they now have to go to brute force in Europe, but the loophole is copying the card onto plastic in the US. Apparently some of the European banks have started instituting geographic blocks that seem to have curtailed that. But it's interesting because people will complain that their card won't work on vacation. I know that we have to call our bank to tell them exactly what countries and what dates we will be in what country so they can unlock them.
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Eric Arthur Blair said:
And the loophole. It's funny, they now have to go to brute force in Europe, but the loophole is copying the card onto plastic in the US. Apparently some of the European banks have started instituting geographic blocks that seem to have curtailed that. But it's interesting because people will complain that their card won't work on vacation. I know that we have to call our bank to tell them exactly what countries and what dates we will be in what country so they can unlock them.
That is how it worked with us when we traveled to Europe in 2010, and then you hope they got it all right!!! Monaco had not been added but they did have Nice, France as well as every other place we were to visit. Tried to charge something in Monaco and it would not go through, went to Nice and same card worked.
I called the CC company and they said they would call the number on file to discuss the use. I said no one will answer, we are HERE in Monaco NOW. I tried to prove I was who I claimed to be but there was no way they would allow the charge - we paid cash - it was not over $40 and is what we joked about... I wasn't spending a fortune!
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