Re:Ottawa Bitcoin exchange defrauded of $100,000 in cyber cu...
by toomuchtodo on Tuesday March 18, 2014 @12:40PM
(#7422982)
Two factor auth (text/push notification) would alleviate a lot of this pain. American Express is moving in this direction with real-time fraud push notifications/transaction acceptance.
It's also a great way to completely fuck over foreign students who use their parents' credit cards to be able to do things like buy textbooks, pay tuition, and so on.