News for hackers. Stuff that matters.

A comment on Home Depot Investigates a Possible Data Breach. Parent comment

Re:Home Depot Investigates a Possible Data Breach by MichaelGG on Tuesday September 02, 2014 @09:47PM (#8261149)
What's the benefit for me, as a consumer? I've gotta remember and enter a PIN all over the place. If there is a compromise, I've gotta now prove it wasn't me to a much higher level.

Whereas in the current US system, I rely on my bank/Visa to figure out fraud detection and sort things out. If there's ever a problem, I dispute it and move on with life. Now and then, I have to get another card. That's a hassle, sure.

If I was responsible for the fraud, then sure, I'd want all sorts of security. But I'm not. Same logic used by my bank: My credit card gets blocked every couple of months (I'm always traveling). My debit card, which requires me to take more responsibility, has never been blocked by the bank.

[ Parent | on HN ]
Re:Home Depot Investigates a Possible Data Breach by zippergz on Tuesday September 02, 2014 @11:27PM (#8261367)
Virtually all of my bills except my mortgage are automatically charged to credit cards. This means that every time my card gets compromised and replaced by the bank, I have to go update it 20+ places. And there are always the odd ones that only charge a few times a year (or once a year) and I forget until the charge is declined. Yeah, I may not be liable for the fraudulent charges, but it's still a big pain in the neck when it happens. I'd be more than willing to memorize a PIN if it solved this problem.
[ Parent | on HN ]
Re:Home Depot Investigates a Possible Data Breach by matthewarkin on Tuesday September 02, 2014 @11:54PM (#8261432)
Visa/Mastercard/Amex all offer systems that can automatically alert merchants that you got a new card. I've just got my American Express card replaced and about half the merchants that I have a subscription with were still able to charge my card without my intervention.
[ Parent | on HN ]
Re:Home Depot Investigates a Possible Data Breach by mickwe on Wednesday September 03, 2014 @08:11AM (#8262559)
Banks catch less than half of card fraud. The rest is caught by cardholders, and if you don't catch it, you pay for it.

And that's just known fraud - a lot slips through and cardholders pay for it unknowingly.

So you have to check your charges carefully. While you may not be liable in most cases for the fraud, you have to catch it first. Use an app like BillGuard for that (FD: I work at BillGuard).

[ Parent | on HN ]