Exposé banned on how hackable credit card tech is

With the invention of new technology into the consumer market corporations may produce inferior products that are heavily dependent on a short TTM (Time To Market) in order to gain an advantage of the accolade of being the first company to put whatever into the consumer world.

Many people have cheated in presenting a product, which was not quite ready to be released to the market.

In the world of computing, Mr. William Gates the Third co-founder of Microsoft used deception to present his DOS (Disk Operating System) as a fully functioning operating system.

A company founded on deception, that's a reassuring thought.

In Australia current focus is on the data within the My Health Record database, where the government assures the general population that the data is safe and secure where this in reality is false information stated by the people in government.

Victoria Police had an IT system that was 25 years old, or one generation in human years, where in computing terms (Moore's law) it's many generations.

This deliberately outdated technology allowed hundreds of police personnel to access the general population's records when there was no legal requirement to so do, without any prosecution for 'data breach'.

Financial services corporations released their products where transactions could occur wirelessly via a 'tap' through the use of RFID technology.

There are people who are in the business of disassembling technology introduced into the consumer market, which is totally different from government or military technology, where these people report on how safe or secure the tech is.

This year is the 10th anniversary when the Discovery Channel produced a documentary on how hackable the credit cards are with their RFID chips.

Unfortunately the episode was never aired to the general population, as it was stopped by the financial services corporations American Express, VISA, Discover and 'everybody else'.

In effect the banks stopped an exposé on how easily hackable  their cards were, where their customers have been deliberately put at risk.

While the encryption technology may have matured since 2008, so has the 'hacking' technology, something that is still deliberately kept from the customers.

Even with this fundamentally flawed technology, the banks now are promoting payments via wireless technology from (easily hackable) smart phones, and now a 'smart ring' that you can put on your finger,  deliberately hiding from their customers the real possibility of  data theft, i.e. numbers from a bank account linked to your person's name.

With every new technology, you can almost never trust the marketing spiel from the corporations.

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