Why don’t banking cards have a password

Forgive my ignorance. card payment is like the most popular mode of online payment. Someone finds your card, or they happen to see the card number and that 3 letter digit at the back, they go online and bum! They drain your account. No authentication, no warning , nothing whatsoever. Why are they not created with some kind of a password or PIN

submitted by /u/ngarama
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