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Re: [LUG] OT: Lax Bureaucracy [Was Re: TV Licensing]

 

We are off list today. On the subject of PIN numbers, try this:

"How ATM fraud nearly brought down British banking"

http://www.theregister.co.uk/2005/10/21/phantoms_and_rogues/

Fascinating.

D

On Tuesday 13 November 2007 18:36:40 Julian Hall wrote:
> Brad Rogers wrote:
> > Indeed.  In much the same way that having a 3 (or 4) digit "security"
> > code on a credit or debit charge ensures you have that card.  How?
> > Once you use that number once, be it on the 'phone, on-line, or
> > wherever, at least one other person has that number.  Security is
> > compromised.
>
> I live in a town of 50,000 inhabitants.  A friend of mine says he knows
> 4 people with the same 'randomly generated' PIN code (no I don't know
> why they told him).
>
> Say only half have credit cards - that's 25000 / 4 with probably the
> same PIN or 6250.
>
> In my experience they're not actually truly random either.  Of three
> credit cards I have had, there is a simple identifiable pattern.
>
> Take an example of
>
> 6342
>
> The first two digits add up to the same as the last three.  That's an
> example of course not my real PIN ;)  However I noticed it on two
> separate cards and I'd be curious if anyone else has the same pattern.
> Even if they don't there are only 10,000 combinations and if we say that
> 50% of the country has a credit card (I read that somewhere - I forget
> where), that's 30,000,000 / 10,000 with the same PIN number.  3000.  If
> we knock off the obvious 0000, 1111, 1234 etc there are even less
> options.  The true figure probably lies somewhere between the 6250 in
> Barry where I live and the 3000 above.
>
> What's wrong with something similar to fingerprint technology that would
> recognise your signature on a pressure pad?  Much more unique.  The only
> snag being that my signature is so unique *I* don't get it the same
> every time.
>
> Kind regrds,
>
> julian

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