So this is yet another case where security economics trumps security engineering, but in a predatory way that leaves cardholders less secure.
I don’t expect the average card user to sit down and actually analyse if Verified By Visa actually makes them more secure or not. You’ve got to place a certain level of trust in those in authority – but the banks are truly out to screw the consumer when it comes to card fraud.
I’m hoping that the pretty widespread media coverage of this will raise awareness with consumers and retailers. As it stands, Amazon seem to be the only major retailer who’ve told them to get lost.