Cracking down on card fraud

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Source: National Cyber Security – Produced By Gregory Evans

 Powered by Max Banner Ads Thieves and credit card hackers are diving through their window of opportunity before it closes, say security experts. As cards loaded with small, encrypted computer chips — EMV payment cards — replace cards with magnetic strips in the United States, thieves and hackers are stealing as fast as they can in the short term, said Laura K. Johnson, communications manager with the PCI Security Standards Council. “What we’ve seen in other countries is increased activity by hackers to target this channel before it becomes more secure with chip technology,” Johnson said. Colorado has the nation’s second-highest rate of credit card fraud, 412.4 per 100,000, behind only Nevada, according to the U.S. Department of Justice. Stealing locally, spending globally The stolen data is being used by people outside the valley. James Mill had a charge from a Wal-Mart in Georgia and another from a Wal-Mart in California. Mill doesn’t use his card online, so it had to be a physical presence, he said. His bank, First Bank, caught it immediately and called him at 8 p.m. on Sunday. “First Bank has been a dream to work with. Their customer service has been amazing,” Mill said. Katie and […]

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