Join Date: Oct 2005
Bikes: Custom Winter, Challenge Seiran SL, Fuji Team Pro, Cattrike Road/Velokit, РOS hybrid
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 43 Post(s)
Yep -- I've been mugged. The funny thing (though it wasn't so funny at the time) was the cops thought I set things up to defaud the cc companies and weren't convinced otherwise until a long and unpleasant interrogation. If you report everything, it's a bit of a PITA, but you'll be off the hook for all charges.
"Security" on cc's is simply idiotic, and while I would welcome asking for ID's, all someone would have to do is put your card info on another card since this can be done very cheaply and easily with off the shelf hardware. Besides, it's not like getting a fake ID is that hard.
In many countries, the cards have chips in them. Some American cards have them, though few merchants actually have the readers. The technology has been around for decades, but the companies that lend money seem to want to keep everything as wide open as possible.
When you get down to it, the main reason you have to worry about identity theft is because all these companies lend money without verifying who they're giving it to, so even if you don't want them to extend you credit, they'll do it anyway for anyone they think might be you. Then you get to absorb the cost and hassle of proving that you aren't the person they didn't bother to verify properly.