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Security chips have not reduced US credit-card fraud / Boing Boing - 0 views

    "The adoption of security chips has not slowed credit card fraud, either. 60,000,000 US credit cards were compromised in the past 12 months and 90% of those were chip-enabled. The majority of compromised cards were stolen by infected point-of-sale terminals. The US has the worst credit card security in the world. The findings come from a Gemini Advisory report, which blames a "lack of chip compliance" in merchants for the rise."
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