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PINs no obstacle for debit card thieves – Security – MSNBC.com

PINs no obstacle for debit card thieves – Security – MSNBC.com

“Debit card theft can be far more severe than credit card theft for consumers.  For starters, different consumer protections apply. Account holders are liable for only up to $50 of credit card fraud — but consumers can be liable for the entire balance of their bank account after  debit card fraud, according to federal banking regulations. Many banks voluntarily extend credit card-style protection to debit cards, but they are not required to do so.”

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