My recent bout with fraudulent charges on my credit card left me thinking really how easy it is to defraud someone. The security of any credit card transaction is null. With a camera in every phone and sub-par security on most business networks, it's a surprise fraud isn't more rampant than it already is.
I wish CC companies offered some sort of second layer of security. Like any of the following:
1. SMS me for transaction approval
2. Require a user created PIN# for approval
3. Allow me to set limits or filters that would freeze the card once a filter is triggered.
But the CC companies offer none of these things nor any comparable second layer of security. Why?