In Reply to: credit cards posted by petrov on Thursday, 18. September 2008 at 16:31 Bali Time:
in order to skim the card you have to run it through a special card reader that downloads the encrypted data from the MICR. Simply having the card number and the 3 digit verification code is insufficient to duplicate a card.
I'm involved in data encryption security with a government agency and know how the systems operate thats why I am so careful with the use of any of my credit cards. People need to be aware of just how easy and quickly someone can download all the data from a card, it takes a single swipe through a mitature card reader that can be concealed in the palm of your hand.