Credit Card and Bank Information
By: Tyler H, Trent H. Allen B, Andrew Z, Rohin K, Megan Z, and Michelle L
Today’s Setting
Today, we have a more secure credit card system, but before and still now, many hackers hacked into people’s credit cards, causing many problems for the people who used that card.
Hackers before can steal your credit card and bank information, and they still can today. They make charges with your money in your bank or on your credit card. Cryptography can help to strengthen those codes so hackers can’t break into other people’s information.
Now, however, we have EMV credit cards that use chips, which are much more secure that than the old metal strip. EMV uses a metal chip (as shown below), which is uses a unique signal every time it is used. (you can read more about the metal strip below)
How Does relate to Cryptography?
Well as you know, hackers can crack easy codes or hard codes. For that reason, if banks have harder cryptography codes to crack, it will be harder for the hackers to crack and they will not get the credit card or bank info as fast. Many banks have really hard cryptography codes, to protect their user’s accounts.
You can get jobs and other in this and help keep credit information safe. People make code better and more difficult to crack and nobody can get in. Cryptologists fix other code and keep us safe. Credit companies make sure they keep changing and stay safe.
Flaws in Credit Card Code
One of the most popular known ways of getting people's information is hacking. The way people hack is by using a series of code to get preset bank card numbers and people's private information. The whole cause of this is from information being preset into the websites.
This is just one example of flaw in the coding of websites. There are many different flaws that hackers have discovered to hack and use people's private information.
Some more ways that people get other peoples information are spoofing where hackers using fake websites and emails for credit card information, phishing where calling businesses acting like a bank to receive credit cards, and skimming where when hackers put credit card readers in gas pumps and ATMs to get the magnetic strips on cards.
These are just some of the flaws in the everyday world that hackers use to get bank and credit card information. (See the metal (strip below)
Conclusion
Our credit information is safe and it is getting safer every day. Many cryptologists have changed and made the code better so people can keep more of their credit card info safe. Cryptologists are fixing a flaw in the code and trying to change more people to the chip reader.
We still need more Cryptographers to help secure everybody’s credit cards and bank information. There are many jobs for cryptographers. Your career could be cryptography. You can join other cryptographers to help secure people’s information.
18 comments:
This was very well done, and it leaves me thinking, will the technology arise where hackers will find a way to even hack these new codes?
I liked the approach to all the information. My only question is how do hackers hack wireless transactions, or have the not been hacked before?
Your information was presented in a very clear way! I learned a lot! Although, are some companies safer than others? Do all credit cards have the same metal strip? What if the hackers do hack the cards? What happens and who gets the blame?
To answer you Sri, hackers would soon be able to crack advanced codes, but in my opinion cryptographers would always be a step ahead of the codes. If there are enough smart and intelligent people to create codes our credit cards and bank information would be very secure.
I like your blog! I was looking at the EMV credit card part and I was wondering what EMV stood for.
Interesting, I did not know that there were that many ways to hack a credit card. It really surprised me that something as simple as taking the black magnetic piece from you allows people to hack into your personal information. I do have a question. If your card is hacked and it is the banks fault, do you get the money you lost back?
This was very good. I am wondering, If the bank somehow accidentally lets your credit information gets hacked, will they pay you back for all the money you lost? And I heard about Equifax getting hacked. Is that one of these situations?
This was amazing, but what would make it better was to list more ways that it was hacked in more detail.
Great information on hacking and banks. My only question is don't hackers use some piece of technology? Couldn't the banks track the code back to the computer or device used to hack it? If not then how do they expunge their track?
That was very interesting and made me think, what will happen when all of the hackers will get so good that they can crack every code? Will they have to do away with credit cards, or will they just need some better cryptographers?
You had really good information about hacking and how it's done. But a question I had is if you get hacked how do you get your account a back and how would you find the hacker.
It was very informative and interesting! My question is would you know who hacked into your account if you were hacked. Also, do hackers hack one specific credit card holder, or multiple at the same time?
I agree with what Arjun said about being able to track it back to the computer that was hacking in the first place.
I liked how you had 3 main titles and wrote a lot in those. I also liked how you told us why it is bad. Lastly I liked how you had a picture for each tile so that it went well.
I liked your titles how they were separated and you had a lot in each. I also liked how you told us why they don't work. Lastly, I liked how you had one picture per title to shows us a better perspective.
This is very interesting and how they could use an magnet to get your credit card makes me not want to go to an
. I think this is very important because everyone caries around a credit card. I wonder who will win hackers, or bystanders.
This is really interesting and I feel like no matter what they could still get these codes
Can an employee that swipes your card just hack it that way?
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