[johnnymonster]

It looks like cloning your chip is already a thing as well as other types of attacks. It doesn’t make sense why banks would deny fraud claims,

[johntash]

> It doesn’t make sense why banks would deny fraud claims,

So that they don't have to pay out those claims.

It doesn't make sense why that is allowed though.

[beatgammit]

Honestly, I don't understand why we don't use PINs here in the US for credit transactions, and most places don't even ask me to sign. I'm surprised there isn't _more_ fraud with our super lax financial system.