Bruce Schneier comments on the growing prevalence of low-tech currency counterfeiting: “Counterfeits are becoming easier to detect while people are becoming less skilled in detecting it”.
Part of the problem, Green said, is that the government has changed the money so much to foil counterfeiting. With all the new bills out there, citizens and even many police officers don’t know what they’re supposed to look like.
Moreover, many people see paper money less because they use credit or debit cards.
The result: Ink-jet counterfeiting accounted for 60 percent of $103 million in fake money removed from circulation from October 2007 to August 2008, the Secret Service reports. In 1995, the figure was less than 1 percent.
It seemsÂ the EURion constellation isn’t doing its job well enough.