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Quantum Encryption Makes Credit Cards Fraud-Proof


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#1 NickAu

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Posted 17 December 2014 - 07:16 PM

 

With the help of QSA method, people will be able to create a physical "key" which is impossible to copy or create similar ones. So, this new technology will not allow any person to copy someone’s credit card and can validate the identity of any person or object, including debit and credit cards, even if the most important data has been stolen, the Optical Society reported in the Dec. 15, 2014 edition of the journal Optica.
 
However, Chip-and-Pin payment cards are opted by the major organisations to promote additional security solutions like tokenization and point-to-point encryption. Chip technology generates a unique code for every transaction, making it nearly impossible for criminals to use the card for counterfeit fraud. But we have also seen that the latest "Chip-and-PIN" technology are vulnerable to Card Cloning.

 

Quantum Encryption Makes Credit Cards Fraud-Proof

 

Call me a sceptic or paranoid if you like, But when ever I hear things like hack proof or fraud proof, I laugh,  because I can almost see some hacker saying " Right, lets see just how good that is".


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#2 Kilroy

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Posted 18 December 2014 - 06:25 AM

Security can only be proven over time.  You can't say anything is secure until it has been attacked.  Just look at all of the things that we thought were secure only to find out that they have had a massive hole for years.



#3 quietman7

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Posted 18 December 2014 - 08:37 AM

I can almost see some hacker saying " Right, lets see just how good that is".

I agree...it's an invitation that welcomes all into the game to see who gets their first.
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