Re:Chrome abandons 'simplified domain experiment' in omnibar
by logifail on Sunday June 13, 2021 @03:48PM
(#27495715)
> a malicious actor can cause you much of the same trouble with your IBAN as they can with your credit card number
I disagree with this.
A malicious actor may be able to cause some trouble if they have your IBAN, but it would appear to be significantly harder to steal money _and get away with the crime_ using an IBAN compared with someone's credit card details.
In the Jeremy Clarkson story from 2008, someone set up a direct debit to a charity using bank account details.
Given the hoops you have to jump through to be able to be able to set up a direct debit - and knowing that KYC would apply to the receiving bank account - it would appear to be significantly harder to profit from money withdrawn in this way.
With a stolen credit card you can purchase something online from a merchant that isn't obliged to do any KYC checks and the fraudster is gone long before the crime is detected.
I disagree with this.
A malicious actor may be able to cause some trouble if they have your IBAN, but it would appear to be significantly harder to steal money _and get away with the crime_ using an IBAN compared with someone's credit card details.
In the Jeremy Clarkson story from 2008, someone set up a direct debit to a charity using bank account details.
Given the hoops you have to jump through to be able to be able to set up a direct debit - and knowing that KYC would apply to the receiving bank account - it would appear to be significantly harder to profit from money withdrawn in this way.
With a stolen credit card you can purchase something online from a merchant that isn't obliged to do any KYC checks and the fraudster is gone long before the crime is detected.