New bank card uses a changeable CVV

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In order to buy anything online using a bank card, purchasers must enter the card’s verification value (CVV) number. This process was introduced in order to reduce credit card fraud. However, fraudsters can steal CVV data by using a web-based keylogger. This is a Trojan that can either capture passwords stored in the users’ browser, or by ‘form grabbing’ — capturing data entered into a form field in the browser before it is encrypted in the online checkout process. Now, PNC Bank is testing out a solution to this problem. They have developed a card whose CVV changes every 30…

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