Source: National Cyber Security – Produced By Gregory Evans
Look carefully at your credit or debit card. If it’s less than a year old, it likely has a “chip” on the front of the card. It is an icon with a dull sheen located near the card’s logo. If there is a shiny hologram on either the front or back, that does not count; it is not a chip. The scary thing for me is that my credit cards are older. Only one has a chip. But Oct. 1 is the cutoff for banking and business to begin officially converting over to credit and debit cards that include a chip. Cardholders were notified on their monthly billing statements to consider calling for a new card. Businesses were notified by hard copy from the banks and, in many cases, repeatedly by recorded messages on the telephone to change their card readers. If the card has a chip on it, it was processed over the last year and is part of a new safeguard against bogus credit and debit cards. Businesses already are getting equipped with new machines to read credit and debit card chips to go along with the existing magnetic stripe while accepting payment for a sale. Credit cards […]
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