On Jan 30, 8:06*pm, "Andy Pandy"
wrote:
"Jonathan Bryce" wrote in message

...

Some researchers at Cambridge University say that Verified by Visa and
Mastercard Secure Code have security problems.

http://www.pcworld.idg.com.au/article/334105
http://www.cl.cam.ac.uk/~rja14/Paper...securecode.pdf

There's nothing new here for anyone who has been following this group, but
it is still an interesting read.

Yes, interesting that the author of the latter works for Cronto, who are
trying to flog an alternative transaction verification system -http://www..cronto.com/

There seem to be a lot of theoretical scenarios where customers could be
defrauded and not get their money back, but how many times has this actually
happened in the real world and is it any worse than before? It was just the
same when cash machines first came out, credit cards, online banking, chip &
pin etc.


You don't need to worry, because banks are fine institutions and they
are always the first to admit to their mistakes and to refund monies
wrongly taken from their customers' accounts and they would never
dream of prosecuting a customer for complaining about phantom
withdrawals.