D&C GLug - Home Page

[ Date Index ] [ Thread Index ] [ <= Previous by date / thread ] [ Next by date / thread => ]

[LUG] OT: Money fraud

 

Saw an article this morning about how chip and PIN security on debit /
credit cards can be bypassed

http://resources.zdnet.co.uk/articles/0,1000001991,40022669,00.htm

In case it happens to anyone, the regulations are now clear

Quote from FSA http://bit.ly/cf4kDu

Full link

        
http://www.moneymadeclear.fsa.gov.uk/news/product/payment_services_regulations.html

        Unauthorised transactions â if you think a transaction on your
        account was not authorised by you, the bank or building society will
        need to prove either that you authorised it, or that you either
        deliberately or carelessly allowed someone else to get hold of your
        password or PIN.  Just because your PIN was used will not
        necessarily be enough to prove that this is the case. Unless the
        bank or building society can prove this, it will have to refund your
        account immediately. If it can show that it needs to investigate the
        claim, then that investigation must be done quickly (within a few
        days).

End Quote

I believe this means that the financial institution needs to show that
you were careless. Not you prove you were not.


-- 
Henry
Photocopies or faxes of my signature are not binding. 
This email has been signed with an electronic signature in accordance with 
subsection 7(3) of the Electronic Communications Act 2000.
Digital Key Signature: GPG RSA 0xFB447AA1 
Fri Feb 12 08:10:19 GMT 2010
 

Attachment: signature.asc
Description: Digital signature

-- 
The Mailing List for the Devon & Cornwall LUG
http://mailman.dclug.org.uk/listinfo/list
FAQ: http://www.dcglug.org.uk/linux_adm/list-faq.html