You know when you pay for something with a credit card and you have to sign your signature on that electronic screen? Does it bother you that the company you are patronizing not only has your card number but an electronic signature of yours in their data bank?
The fraud potetial is just enormous. How can you prove you didn't authorize transactions if they have all the ingredients to perpetrate the simple fraud?
2006-07-14 03:54:23 · 8 answers · asked by csucdartgirl 7 in Business & Finance ➔ Credit
Actually, as a Network Engineer, this DOES concern me deeply!
While I doubt that the local Wal-Mart is going to do anything nefarious with my captured signature, I do worry about what might happen if a database somewhere that contains my captured signature should be compromised.
Computer security is nowhere near where it needs to be. All you need to do is pick up a newspaper or turn on CNN to hear or read about another data compromise. It's bad enough if my PIN is compromised though I can always change it if needed. Changing one's signature is not quite so easy!
Sadly, the boneheads in Congress are trying to pass seriously watered-down identity protection laws at the federal level that will supercede state laws that actually have some teeth. Keep this in mind in November!
2006-07-14 04:10:48 · answer #1 · answered by Bostonian In MO 7 · 3⤊ 1⤋
Well the company that ur paying with ur card does not have ur card no. or ur signature with them. Whenever ur swipe ur card and sign for the transaction it is just being verified with the bank through the network and no record is being kept at the place where you use it so u don't have to worry about the company doing a fraud. well if u think that you have been through a fraud than u can always show the bill that proves the amount of shopping u did which will be accepted....... well the best rule is to always check for the amount and never sign where ur not confident....
2006-07-14 11:02:49 · answer #2 · answered by Aj 3 · 0⤊ 0⤋
The credit card companies have no motive to screw you. You are their customer and they are already making money off of you. It is much more dangerous to have a piece of paper (receipt) floating around with your credit card number on it thrown in the trash. You should also have a lock on your mailbox so people cannot steal your statements thus obtaining yuor information. Oh- and shred anything with personal info before you throw it out at home.
2006-07-14 11:01:32 · answer #3 · answered by jb12 2 · 0⤊ 0⤋
If it s big huge bank or lost exisiting credit card company it doesn't. They have so much security its really hard for them to rip you off. It be easier for them to make up a fake customer and take money out under their name.
2006-07-14 11:02:52 · answer #4 · answered by Lupin IV 6 · 0⤊ 0⤋
No, because your signature would look the same and that is easy to contest.
2006-07-14 11:45:47 · answer #5 · answered by Steve 4 · 0⤊ 0⤋
I agree, but it still doesn't bother me because I can dispute any charge to my credit card... and have.!
2006-07-14 10:59:51 · answer #6 · answered by Anonymous · 0⤊ 0⤋
There is always a way to scam people. Just be as careful as you can be and don't worry about it. *smiles*
2006-07-14 10:59:01 · answer #7 · answered by dxle 4 · 0⤊ 0⤋
You have asked a very good question...
2006-07-14 11:30:04 · answer #8 · answered by Abarai 3 · 0⤊ 0⤋