A Case for Numberless Cards

In University, I worked at a restaurant. The police showed up one day and arrested one of my waiter colleagues, for ‘stealing’ card numbers. He carried a discrete device that clandestinely skimmed mag stripe data. He would then sell the data to criminals who produced counterfeit cards.

How to steal card data on a mag stripe is widespread knowledge. An even more basic theft is one where the thief literally reads the printed card number right off of the card. In Canada’s EMV market, skimming with the aim to counterfeit a card is a dead sport. But Card-Not-Present fraud has increased in recent years. The Canadian Bankers Association produced the following figures:

Canada: Credit & Debit Card Losses and Change over Previous Year (000 000s and %)
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