Credit Card Fraud & Passwords

Credit and EFTPOS card fraud featured on tonights TV news. After using the Internet and Credit Cards safely for many years I was struck with fraudulent use on the credit card I use for internet and overseas purchases. The card is not linked to any of my accounts so it was easy to cancel and have a new one reissued. Luckily for me my bank quickly picked up the unusual transactions and stopped the card; unluckily just as I was purchasing books in England for the OS relations!
A letter  from my bank (Which Bank?? Yes that one!) has relieved me of another purchase that slipped through the initial fraud scan, so all is well. Thanks go to the bank staff for quickly picking up the transactions.
The news tonight indicated that EFTPOS machines are being stolen, rigged to save customer data which is then used to make false EFTPOS cards. This is a much more serious threat as potentially thousands of dollars can be quickly removed as most cards have daily limits up to $1000.
Today Tonight Reporters suggested changing passwords and PIN numbers monthly! Most people I meet in the library cannot remember more than a couple of passwords and PIN numbers so how will they manage to change their numbers regularly?
Perhaps the digital revolution and creative criminality means we will have to go back to carrying cash! On travelling to Europe a few years ago this certainly seemed to be the custom.
Another solution must be developed soon - its sooooo convenient to access the "hole in the wall"! Perhaps the Random password generating dongle attached to key rings that is used with a business account!  I want my money kept in my account!!