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by bediger4000
51 days ago
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Some have speculated that the entire credit card system is compromised, end to end. I think the real question is why NSA didn't intervene in the early 1990s. Online commerce was just beginning, and the importance of electronic funds transfer was obvious, but the method wasn't set in stone. NSA knew about public key crypto well before the rest of us did. They could have helped set up very secure electronic payments, but chose not to for unknown reasons. |
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Credit and debit cards (except for 3DS and EMV) are working exactly as designed; the design just isn't very good from a security perspective.