On 02/02/15, Brodie, Kent wrote: > So how is chip-and-signature any more secure that what we have today? > > Idiots. Our financial industry is run by idiots. >
from what I understand, it's more secure b/c the chip produces a one-time use hash of the number and feeds that into the payment system, not your actual credit card number. I think it gets hashed with the amount of the payment too but am not sure about that. when the next Target hack happens they get a bunch of expired hashes and not actual credit card numbers like with swipe. It doesn't help with losing your physical card but it is better security than what we have. -Chris _______________________________________________ Discuss mailing list [email protected] https://lists.lopsa.org/cgi-bin/mailman/listinfo/discuss This list provided by the League of Professional System Administrators http://lopsa.org/
