[2015-12-27] Protocol Level Flaw with Card Payments Makes Bitcoin Seem a Lot ...

[tyz]

Protocol Level Flaw with Card Payments Makes Bitcoin Seem a Lot Safer

Here is a reality check for all the Bitcoin naysayers, the most widely used conventional electronic payment system – credit/debit cards are not really as secure as we had earlier thought. A serious protocol level flaw exposed by a couple of German security experts bares it all. It is not just the security flaw one has to be concerned about, but also the banks’ apathy towards fixing it!

http://www.newsbtc.com/2015/12/27/card-protocol-flaw-bitcoin-safer/