Comment by SoftTalker
2 hours ago
I don't use Paypal. My credit cards protect me from fraud. And it rarely happens. In fact it's been well over a decade since I had a fraudulent charge on any of my payment cards. Funny how when there's motivation, protection happens.
> My credit cards protect me from fraud.
Your credit card protect you against nothing. Reimbursement in case of fraud is not fraud protection, it is just bare minimal customer service.
In fact, the first thing your bank will do when your credit card number has been leaked and was used for a fraud... is to replace your credit card.
Because they know that, when the number is in the wild, it will happen again. The system is inherently insecure in case of dataleak.
Visa and Mastercard spent decades and millions constructing systems like "3D secure" supposed to protect again that by enforcing external authentication factors. But since the system is not enforced in every country, it is still a problem today.