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A comment on Breach at Sonic Drive-In May Have Impacted Millions of Credit, Debit Cards. Parent comment

Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by mrb on Wednesday September 27, 2017 @04:34PM (#15352034)
Wrong. In the US you may be liable for the full amount stolen if you fail to notice the theft in 30 days. Even if you report the theft promptly, the law allows your issuer to make you liable for the first $50.

Also you completely ignored my point about hardware wallets making theft a non-problem.

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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by castis on Wednesday September 27, 2017 @04:51PM (#15352218)
> the law allows your issuer to make you liable for the first $50

This has never happened to me, and ive had a CC compromised a few times.

If someone steals your hardware wallet, what do you consider that?

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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by mrb on Wednesday September 27, 2017 @04:54PM (#15352248)
Physically stealing a hardware wallet is typically not usefull because they are PIN-protected. And you can back them up by writing the 12/24-word seed in a safe/hidden spot.
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by simlevesque on Wednesday September 27, 2017 @04:41PM (#15352111)
Can't you steal a hardware wallet ?
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by mrb on Wednesday September 27, 2017 @04:53PM (#15352239)
They are typically PIN-protected. And you can back them up by writing the 12/24-word seed in a safe/hidden spot.
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by Pinckney on Wednesday September 27, 2017 @11:13PM (#15354269)
What assurance do I have that the HW wallet vendor doesn't have my seed written down for when they decide to retire?
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by mrb on Thursday September 28, 2017 @12:08AM (#15354499)
If you are paranoid you can choose your own random seed when initializing the wallet.
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by QAPereo on Wednesday September 27, 2017 @04:37PM (#15352065)
Sure, so don’t ignore your finances for a month.
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by mrb on Wednesday September 27, 2017 @04:46PM (#15352162)
You will still be liable for $50. And you again ignored my point about hardware wallets making theft a non-problem.
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by QAPereo on Wednesday September 27, 2017 @05:16PM (#15352430)
Actually it can still be stolen, but like an impenetrable safe full of money, of no use to the thief. You’d still be screwed though!
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Re:Breach at Sonic Drive-In May Have Impacted Millions of Cr... by mrb on Wednesday September 27, 2017 @05:51PM (#15352658)
Not screwed, because a hw wallet can easily be backed up by writing down the 12/24-word seed in a safe/hidden spot.

Our discussion thread demonstrates that more education is needed around hardware wallets, as most people have no idea how they work or even that they exist.

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