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    Author Topic: Why doesn't bitcoin have a "freeze" function?  (Read 1971 times)
    PrimeNumber7
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    August 28, 2021, 10:09:06 AM
     #121

    Card skimming, or card shimming does not affect the end-user of a credit card, beyond a fairly minor inconvenience. While the law says that consumers have no more than $50 in liability when their credit card is stolen, most credit card issuers have "$0 liability" policies, and consumers are not liable when their credit card number is used due to a data breach. This is something that was pointed out on the first page.

    Minor inconvenience? I disagree since there's real concern if technology illiterate user use their credit card on physical store. At least in my country, there are few news where rouge worker perform skimming/shimming when user give their credit card to the worker. Besides, i merely mentioned about shimming to show that card with chips isn't 100% secure.
    If your card information is stolen by a criminal via whatever means, the end-user is not going to pay for any unauthorized transactions. So if your card is skimmed/shimmed, you can complete some paperwork, wont be able to use your card for a number of days while the bank sends you a replacement card, and you will not be on the hook for unauthorized transactions.

    What are you saying is the loss to the end-user beyond an inconvenience? If you use a card at a restaurant for example, it will be out of your possession, and the staff can do whatever they want with it, but this will not affect the end user.
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