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And the question is... why not just use secure card swipe devices? You load an encryption key onto the hardware, and then key loggers don't work any more. Sure, it won't solve all your problems, but nothing does.

Doesn't help, like I mentioned above. There's no such thing as 'secure device'. Someone is always able to tamper with those.

There's a difference between "doesn't help" and "not a perfect solution". Secure readers eliminate the ability for non-savvy criminals to drop a keystroke logger in the terminal.

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