Any UK businessperson would assume that using a plastic security card or a credit card would shield customers, workers and goods from harm. In reality, you may be much more at risk, based on an FBI report in the US. For every method that’s been developed for creating plastic security cards, there’s a companion method for defeating it. In this commentary, we’ll study the simplicity of counterfeiters’ efforts to duplicate Visa and MasterCard. When you think about the fact that a near two-thirds of US credit card debt result from these two cards, they are thus an inviting fraud target. This gives the sobering impression that when you can defraud such large corporations, you can target anyone.
According the FBI report, most plastic credit card forgeries once depended on a one-step printing process that duplicated the logo and background onto a blank white plastic card. Forgers can now upgrade the process with laminating and embossing cards. This process is so advanced, con artists can even insert fake holograms and magnetic strips in these phony cards. Armed with computers, card printing equipment and blank card stock, counterfeiters can create a fake credit card with astounding ease.
To counter this, there’s a new generation of plastic credit card technology that contains a computer chip instead of a hologram. Known as smart cards, these cards have a chip which will store info in an extremely secure manner and must be verified by personal identification number (PIN).
UK business owners are cautioned to be vigilant when implementing a plastic security card in their stores and offices, due to the ease with which a plastic card can be counterfeited.
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