debit card fraud € 10,000 withdrawn from current account

[AlbacoreA]

Rather than protecting people the PIN seems to be a get out clause by the banks.

 

[bond-007]

Indeed it is. It was never about protecting the consumer.

[broken link removed]

 

[markpb]

A simple software update could change a 4-digit PIN to a 6-digit PIN. The POS terminal would prompt the customer to enter 3 digits at random (ie.1st , 3rd , 6th), concealing the other 3 making it impossible for the PIN to be comprimised in the manner described.
Simple , minimal cost to implement , and 100% effective.

That wouldn't be a simple change at all and AFAIK would require reworking of the EMV standard and all POSs.

 

[TheShark]

Its the way it should have been set-up when the banks moved to chip and PIN. The 4-digit PIN is flawed and too open to being comprimised.