Credit card issuers have lost billions from stolen credit card numbers hacked via the credit card swipe machines used in retail stores. As a result, they have _____.
A) added an additional feature of fingerprint scanning to the existing swipe machines to ensure customers use their respective credit cards.
B) stopped paying for fraudulent claims from online retailers.
C) changed the standard from convenience to security and introduced new, more secure pin and chip swipe machines
D) regulated the credit card issuing process based on family size and income.

Question

Quizplus · Accepted Answer

Credit card issuers have introduced new, more secure pin and chip swipe machines to prevent security breaches and fraud resulting from stolen credit card numbers. Adding fingerprint scanning to the existing swipe machines or regulating the credit card issuing process based on family size and income would not effectively address the issue of credit card fraud. Stopping payment for fraudulent claims from online retailers would not address the root cause of stolen credit card numbers.

Credit Card Issuers Have Lost Billions from Stolen Credit Card