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Postbank to replace 12M bank cards after employees steal 'master key'

timeslive.co.za

31–40 of 194 posts

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#31
post #7

Earlier quoted context omitted.

That only would make sense if they don’t have cameras in the stock room and loading docks, etc.

I've worked at more than one location where the Cameras in customer areas were conspicuous but the cameras in the employee area were hidden.

> but the cameras in the employee area were hidden.

Is this legal?

Sounds like a lawsuit waiting to happen.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#32
post #8

Earlier quoted context omitted.

It's a general purpose publication. The general public knows what a "master key" is. "Main key" is meaningless.

I believe the parent is referencing the github "main" vs "master" controversy, where "master" was considered "exclusionary", and should therefore be replaced with "main".

I thought the problem was master/slave terminology, in say replication.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#33
post #17

Earlier quoted context omitted.

People seem to forget why credit cards came into existence. It was not for security. Ever. Credit Cards were introduced as a less-secure-but-more-convenient-check. The store then would have a stock of "blank checks" with absolutely no security features where they would imprint with carbon paper and a pressure roll the credit card information and pretty much "mint" the client a check on the spot. Over time the raised…

Even more fun fact: we rely on mag stripes (vs. chip n pin / nfc / etc) because of gas pumps. The cost of refitting gas pumps holds us back. Yay.

So why not limit the magstripe to gas pumps and give them a time frame of 5-10 years to upgrade existing pumps, and mandate chip capable card readers in new pumps?

At the same time fees could be raised 2% for non-chip transactions to incentivize upgrades.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#34
post #10

Earlier quoted context omitted.

It's a general purpose publication. The general public knows what a "master key" is. "Main key" is meaningless.

I'm fairly certain this was a joke about the debate going on regarding git and the broader development community trying to be more inclusive by changing the name of the default branch in git. Which is typically called master.

Yes, it was.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#35

My accounting professor used to say the mirrors and security cameras in stores were to monitor the employees more than the customers.

Employers steal far more than employees: https://upload.wikimedia.org/wikipedia/commons/c/c4/Wage_the... https://www.gq.com/story/wage-theft https://www.epi.org/publication/employers-steal-billions-fro... https://www.epi.org/publication/wage-theft-bigger-problem-th...

> https://www.tylervigen.com/chart-pngs/3.png

I too can cite context free meaningless charts

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#36
post #8

Earlier quoted context omitted.

It's a general purpose publication. The general public knows what a "master key" is. "Main key" is meaningless.

I believe the parent is referencing the github "main" vs "master" controversy, where "master" was considered "exclusionary", and should therefore be replaced with "main".

Yes, it was supposed to be a joke about this.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#38

Earlier quoted context omitted.

Even more fun fact: we rely on mag stripes (vs. chip n pin / nfc / etc) because of gas pumps. The cost of refitting gas pumps holds us back. Yay.

So why not limit the magstripe to gas pumps and give them a time frame of 5-10 years to upgrade existing pumps, and mandate chip capable card readers in new pumps? At the same time fees could be raised 2% for non-chip transactions to incentivize upgrades.

Looks like they have deadline of 10/2020 before visa and mastercard start holding owners liable for fraud if they haven't upgraded to chip readers.

https://www.latimes.com/business/technology/story/2020-01-07...

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#39
post #17

Earlier quoted context omitted.

People seem to forget why credit cards came into existence. It was not for security. Ever. Credit Cards were introduced as a less-secure-but-more-convenient-check. The store then would have a stock of "blank checks" with absolutely no security features where they would imprint with carbon paper and a pressure roll the credit card information and pretty much "mint" the client a check on the spot. Over time the raised…

Even more fun fact: we rely on mag stripes (vs. chip n pin / nfc / etc) because of gas pumps. The cost of refitting gas pumps holds us back. Yay.

I'm starting to see chip enabled pumps. Unfortunately they aren't obviously labeled so you assume it needs a swipe and have to wait to restart when it complains about not reading the chip.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#40
post #16

That proves my point again that there are not enough regulations on electronic security standards that applies to private companies. All you have are white hat security consultant experts that only have their dollars and reputation to work with. The public is highly vulnerable on those things yet I don't see politicians really caring.

Hardly a private company: PostBank is the banking division of the SA Post Office, and firmly a government-run entity.

And not the first government run entity in SA to have funds stolen from it.

Transnet/PRASA (railways)

Eskom (electricity)

SAA (airline)

All have had just totally monumental theft often at the top levels. It all seems to be pretty consequence free. Meanwhile, the hawks open immediate investigations and charge people almost immediately who are trying to expose things - which is kind of funny - 10 years to investigate totally obvious theft, 7 days to charge folks who are exposing it :)!

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