http://www.zdnet.com/visa-cfo-quite-a-bit-of-investment-needed-to-install-chip-and-pin-technology-7000027067/[...]
Visa's chief financial officer said that
securing retail point-of-sale infrastructure will take a hefty investment, chips on credit cards are critical and better encryption may be the fastest way to secure transactions.
Byron Pollitt, CFO of Visa, said at the Morgan Stanley Technology Media & Telecom conference that cybersecurity is the No. 1 topic in the payment ecosystem following the widely publicized data breaches at Target. Target CIO Beth Jacob resigned on Wednesday.
^^^ These people have literally no clue.
Do you think merchants or taxpayers will want to pay the salaries of such educated-fools as these? I say ditch these well paid failures, because, vulnerabilities and stupid flaws, always follow thinkers like these people.
They ALL should be fired, not just the CIO. Well, my .02 cents as an IT worker. I know how vulnerable the existing world's "money" actually is.
So this whole cryptocoin movement is basically 'the people' demanding a true security. And yet, BTC is now fully associated with scumbag thieves of the highest level. So, credibility is what is desirable in this era of well paid fools.