Pop quiz: Can you rattle off the number of your favorite credit card? Extra credit: What about the customer identification number on the back of the same card? That second three- or four-digit code has been known to trip up even the greatest credit card connoisseurs on occasion, but that’s sort of the point, as it’s a main line of defense in fraud prevention. To make things even trickier, French company Oberthur Technologies, a leading provider of embedded digital security products, has developed a new type of credit card where the answer to the dreaded “And what’s the security code on the back of your card?” question will change every hour.
As a matter of fact, I book enough travel online that I have not only my credit card details memorized, but also my passport information. But, this technology seems like a simple way to protect against fraud.
Even if your credit card details were swiped in a successful hack, and who’s hasn’t been, the hacked details will be outdated. That’s not a bad way to lessen the damage from these sort of intrusions.
On the other hand, as the article points out, it would also require you to carry your credit card with you instead of using a digital wallet, or Apple Pay type of solution too, so we’ll see how far it goes.
This will be part of a series of posts over the next week or so about some thoughts I had while on vacation the last couple of weeks. Today, I want to talk about the nature of cruises, and how it made me wish I had some different options when choosing a career. For the…
This is true, you will always get more of what you measure – Don’t make the mistake, therefore, of blaming lawyers for the lack of law firm innovation. Sure, lawyers are change-resistant and conservative and all the rest — but so are most people, to a greater or lesser extent. Since almost any worthwhile innovation…
This is an interesting move for any company, but especially so for a social media company: The reason, according to Daily Beast reporter Taylor Lorenz, is that Snap put a digital cone of silence over the Microsoft Theater, blocking public snaps from the area, and told its employees not to post to social media from…
The article is directed at founders, but I think we can all see similar hours and stresses in the legal and eDiscovery industries, no? “Over 50 per cent of owners work nine hour-plus days and 43 per cent work weekends. But long hours don’t make you more effective: you’re wasting time spinning wheels because you’re…
“The test, of course, offers nothing but downside. No extra credit, just points marked off. The test is the moment where you must conform to standards, to say what is expected of you. Perhaps a better question is, “Will this be in the Playbill?” The Playbill is the little program they hand out before the…
“77% of firms are more concerned about security threats than they were just two years ago: In addition, the majority of respondents to the survey indicated that their security concerns have increased over the past year, with none indicating a decrease in concern over the past year;” It’s about time. Everyone who has any private…
