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Comment by Volpe | Hacker News Reader

That's a problem for the banks (who insure all that money for fraud), not really a problem for the individual (who are insured).

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I disagree. Very much a problem for the individual who has the hassle of dealing with the banks, is exposed to identity theft and all the other numerous repercussions of having your personal information stored insecurely online.

As somebody who's had his card info stolen before, I'd say it's troublesome even in the best case. Everything starts declining, you have to spend hours talking to the bank to get it all straightened out, and then you have to go through everything you're subscribed to and make sure to change them all to the new card when it comes in.

I'd love to see a third party service that would deal with having your wallet (or card info) stolen - it would automatically cancel all your cards, sort out billing issues in the meantime, replace all your other cards, etc. Idea for a startup?

This exists. I saw Royal Bank of Canada offering this service for $15/mo or thereabouts. It felt like a rip-off of gullible customers more than anything.

It seems that you were never involved with recovering your money once an unapproved debit took place with stolen credit card references. It does not matter if you are insured or not, it's not straightforward and causes major trouble to get back your property.

5 times. Each time the bank called me, and told me they were sending a new card. (Once was a false positive).

New card arrived within 3 days from old card being stopped. Money was reimbursed the same day it was taken.

The false positive was when I was traveling, and it was a minor hassle (as I had multiple credit cards).

I take it from the responses from people, my experience isn't typical.

Well you seem to be one of the lucky ones! What's your bank ?

Time has no value for you, then?

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