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'The real issue for me is that online retailers, especially ones that
trade as extensively as Amazon, are able to undertake "cardholder not
present" transactions without the corroborative information required by
the relevant standards. As Channel 4's piece showed, the transaction
required neither the CVV number (security number of the back of the
card) nor even the cardholders billing address.' Professor Alan Woodward discusses in his aricle this week on Naked Security website. Click here to read the full aricle.
See also Professor Woodward's Blog for further commentary and viewpoints.