* Posts by George

5 posts • joined 6 Dec 2007

UK fraud strategy 'more worthy of Uzbekistan'

George
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Chip and PIN system is not good enough at deterring all types of fraud crimes

Banks have option to reduce all fraud crimes to virtually ZERO simply by making signature and PIN systems reliable as proposed on website www.xwave.co.uk

Proposed ID KEY system will enable individuals to obtain their ID stickers at any point of transaction plus provide Card Key Code to activate PIN transaction and hence deter use of stolen or skimmed cards.

Only this system will eliminate the need for us to protect our personal and card details to deter fraud.

I hope that banks will exploit proposed system before it is too late to stop a fraud boom.

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Cybercrime losses tax UK small business

George
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Fraud crimes will be a thing of past if banks make signature and PIN systems reliable as proposed.

Banks will reduce all fraud crimes to virtually ZERO if they make signature and PIN systems reliable as proposed on website www.xwave.co.uk

This system will eliminate the need for us to protect our personal and card details.

It is strange why banks are not willing to exploit proposed system to stamp out fraud crimes permanently.

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Home Secretary in ID card gaffe

George
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reasons why proposed biometric ID cards will fail

I believe that proposed ID cards should not be implemented at any cost for following obvious reasons.

1. These cards will not work where there is no reading equipment. This shows that rather than deterring these cards will only divert fraud to other sectors.

2. Fraudsters will have option to use fake of these cards as IDs where there is no equipment. This shows that these cards will help fraudsters to do more identity fraud.

3. We are encouraging identity fraud by relying on signatures on agreements, cheques, money withdrawal notes, receipts, delivery notes etc. despite of knowing that in the event of crime these signatures would not even expose person's gender. Current signature is like passports without photos and hence it is so difficult to deter and prosecute fraudsters and hence we should personalise signatures with ID stickers as described on website www.xwave.co.uk

4. Government's idea of making non-EU members have these ID cards will fail unless it is written on their foreheads that they have ID cards because otherwise criminals will fool us by claiming that they are not recent foreigners with ID cards.

Proposed ID KEY system can be treated as a reliable universal international ID card because it will personalise signature and PIN number to only the right individuals in any country.

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Low-tech hack was behind $7.2bn SocGen fraud

George
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ID KEY system will deter all fraud crimes.

Fraud crimes will continue to grow until the government and banks exploit ID KEY system described on website www.xwave.co.uk which will make both signature and PIN systems reliable and foolproof.

Current signature and PIN systems are the root cause of the problem because fake documents have made signature system unreliable while skimmers and pin-hole cameras have made PIN system unreliable.

It is obvious that it is virtually impossible to stop fraudsters from obtaining our personal details and hence the need to deter fraudsters from misusing these stolen details via use of ID KEY system is a must to deter fraud crimes.

Proposed ID KEY can be treated as a reliable international ID card because it will personalise signature and PIN number to only the right individuals.

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ID sales sites start loss leader marketing programme

George
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Why don't banks make signature and PIN systems reliable as proposed to deter fraud.

These details show that the government and banks are letting fraud crimes grow by relying on unreliable systems rather than combat them simply by making signature and PIN systems reliable and foolproof as proposed on website www.xwave.co.uk

Fake documents has made our signature system unreliable while skimmers and pin-hole cameras etc. have made PIN system unreliable. We have option to make signatures reliable by personalising them with ID stickers and option to use Card Key Code to make PIN system reliable.

Proposed ID KEY system will deter fraud by making signature and PIN systems reliable and so this will eliminate the need for us to protect our personal and PIN details since fraudsters will not get tempted to misuse them.

Proposed ID KEY can be treated as a reliable international ID card because it will personalise signature and PIN number to only the right individuals.

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