should be able to accept credit cards—and we‘ve been rethinking buying and selling ever since” ("About Square."). This is the mission statement found on Square’s website. Back in 2009 Jack Dorsey, CEO and co-founder of Square, came up with an idea to make payments simpler; thus, Square was created and launched in May 2010. Square has opened a new way of paying for small businesses with three choices to choose from: Magstripe Reader, the Stand, and the Contactless/Chip Reader. There is a perfect…
stores have assessed the hacker breach and have provided a new, more secure form of payment, which provides enhanced encryption of payment data. With this new security system in motion, customer’s card data is fully protected and less vulnerable to hackers. This system jumbles up and locks all the card information making it impossible to read and copy, therefore being useless to the hackers. The breach at Home Depot was first reported on September 2, 2014 by Bran Krebs (D’Innocenzio). It is…
The paper that I am using for this report is titled “Chip and Skim: cloning EMV cards with the pre-play attack”. This paper is written by Mike Bond, Omar Choudary, Steven J. Murdoch, Sergei Skorobogatov, and Ross Anderson of the University of Cambridge. The purpose of the paper is to point out the flaws with EMV technology. The paper starts out by giving a brief historical overview of EMV. They then discuss the technical details of how EMV works and how it can be exploited. This discussion is…
the debit card. A debit card is a plastic payment card that can be used instead of cash when buying goods or services. The checking account of the debit holder is automatically debited when a transaction has occurred. Safety measures such as entering a personal identification number (PIN) to verify a customers’ identity are part of the operating procedures when transacting with debit cards. A debit card is normally linked to one’s account and it can be accessed electronically. Debit cards are…
months later they have been hacked. A few years ago I remember Target stores causing widespread panic, by releasing a press release that anyone who shopped in their store with a card was at risk for being hacked. These types of breaches leave customers in panic, and vigilantly inspecting their checking accounts, credit card statements, and their credit scores to ensure they have not been taken advantage of. But how prevalent are breaches? According to a report by USA Today’s Elizabeth…
In the earliest communities, people were “Hunter-Gatherers”. This means, in most instances, men would hunt animals to eat, and women would gather fruits and vegetables. During this time people Nomads; they moved to new locations based upon the flocking patterns of the animals they hunted. After this, they learned that they could capture and breed the animals we ate. This is when the hunter-gatherer phases ended and the horticultural phase end. Communities began to grow, as humans were able to…
had his credit card in his hand. "Can you swipe again? The computer is not taking it." The old man sighs and swipes again. This time you can hear the machine make a noise that no one wants to hear. "I am sorry sir, but it seems that the computer is not registering your card," says the teen. "This is ridiculous! Why is this not working?" The man was starting to get angrier than he was before. "Do you have a chip reader?" The man nodded and slammed his card into…
St. Louis, Missouri Interagency Smart City Program Need & Readiness Assessment While the Department of Transportation provided explicit criteria for evaluating a city’s merit to receive support under its Smart City sharing economy program, Smart City programs being offered by other agencies did not. The following review of select programs within the Department of Homeland Security (DHS), Department of Commerce (DOC), Department of Energy (DOE), and Department of Justice (DOJ) applies the…
hes my frend. Boy if I get smart wont they be serprised.” (5) This quote demonstrates how he would be responded to differently if he would got the surgery. Charlie proclaims this idea when he writes what he thinks it would feel like when he was bright, “Then when I am smart they will talk to me and I can sit with them and listen like Joe Carp and Frank and Gimpy do when they talk and have a discushen about importent things.” An additional reason Charlie wants to be smart is so he can learn in…
take an inkblot test that he thinks he failed. Charlie clearly misunderstood what the real meaning of the test was and he states, “I had a test today. I think I [failed] it. -What [happened] is a nice young man was in the room and he had some white cards with…