Template:Time to Ditch the Magstripe
From What The Wiki?!
It's now been over thirty years since the magnetic stripe has been used in aircraft boarding passes, credit cards, identification documents, etc. For many years now much more secure alternatives have existed, such as smartcards, which offer substantially greater potential for security and privacy. This presentation examines the history and vulnerabilities of the way magstripe cards are currently used, with specific attention paid to the situation in Canada which is experiencing record levels of financial debit card fraud due to skimming and theft of PINs using cameras, hacked keypads, etc. More secure alternatives are already in use in countries like France, the UK, etc., but the largest ecomony in the world is resisting them. Is North America doomed to be the last frontier of financial card fraud?
