Source: National Cyber Security – Produced By Gregory Evans
You have probably heard by now about the new technology at the checkout counter. Due to a large increase in counterfeit card fraud and continuing large-scale data breaches, the shift to use EMV, which stands for Europay, MasterCard and Visa, by major card issuers aims to offer added security to reduce the cost associated with such fraud. EMV is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. Unlike the old magnetic-stripe cards, which stored unchanging data, the new EMV cards will be equipped with a small square metallic computer chip. When consumers are shopping instead of swiping their card, they now will be asked to insert their card into a slot or reader at the terminal. This will take a few seconds then a beep ends the transaction. You then will be asked to sign or enter a PIN. Unlike the magnetic-stripe cards the chip generates for every transaction a unique code that can no longer be used. The code is only good for that transaction making it much harder to be stolen or used by someone else. The BBB offers the following tips for the use of EMV cards. Oct. […]
For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com
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