Banks Silent Over Credit Card Flaw: Because Fraud Is a Profitable Business?

A new card flaw in the card transaction has been revealed by the German security experts. This flaw, capable of cloning the entire card and hacking the entire protocol, cannot be removed by just a mere software patch.

Sourced through Scoop.it from: fossbytes.com

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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