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Comment Re:Really, Slashdot? (Score 0) 230

Convienience:
Your phone will break or have a dead battery way more easily than your card. Most people also only carry one phone. If the implementation requires a data connection, it's even more useless. It is trivially easy to have more than one credit card so you have a backup. They won't get dead batteries nor will then break when you drop them. Winner - Credit Cards, by an extremely high margin.

Security:
Chip and Pin with contact on a plastic card, or some who-knows always-constantly getting hacked over-the-air NFC through a phone which is probably already compromised by malware. (good luck installing malware on a credit card). No, you can "steal credit cards by looking at them". That's just being desperate for an argument. Winner - Credit Cards, by an extremely high margin.

Corporations possessing your information:
If you use mobile payments, chances are you still have a bank account of some sort. The banks have your information either way. Why willingly give it to another party in addition to the bank? Winner - Credit Cards, by an extremely high margin.

I really don't want to continue this. Stop being so naive in thinking that all new technology must be embraced.

Comment Re:someone explain for the ignorant (Score 0) 449

It was cracked because it use a shitty algorithm and sloppy crypto handshakes. There is nothing inherently wrong with "NFC on cell phones". It's just a way to send bits. That's it. Smart software can make it secure, as long as there is software on both sides. This is not even close to the same case as RFIDs, which can always easily be cloned because it's impossible to do proper crypto on an RFID.

Just because that specific early implementation was broken, it does not by any means mean that "NFC" is broken forever.

If it's as simple as cloning what goes over the air, then yes, it is utterly flawed and insecure. That is how RFIDs work with current technology. NFC between processors does NOT have this same problem. Everything over the air can be random-number challenges and cryprographic responses, and when done properly with sufficiently strong crypto, it can be damn near impossible to break.

Comment Re:US: Welcome to the present (Score 0) 449

Canada too. Every time I travel to the US, I cringe at the antiquated horribly-insecure feeling banking system.

I mean... gas pumps which don't need a pin? Really?

The easiest thing in the universe "buy" with a stolen credit card is expensive gasoline. This no longer works in Canada, but it sure as hell works in most of the USA. Zip codes are not secure like pins either for the pumps with offer "security" through zip codes.

Comment Re:someone explain for the ignorant (Score 0) 449

Apple can get away with securing NFC payments because there is a processor on both ends. The reason you can't secure an NFC card, is that you can't generate enough power using an antenna to power up a chip which can do crypto. The most you can do is read/write a ROM, so it's not much better than an magnetic stripe. With metal contact chips, a tiny chip powers up which can do proper challenge-response crypto.

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COMPASS [for the CDC-6000 series] is the sort of assembler one expects from a corporation whose president codes in octal. -- J.N. Gray

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