Source: National Cyber Security – Produced By Gregory Evans
October 1st was the deadline for retailers and credit card issuing companies to switch over to using new EMV, or Euro-pay Mastercard Visa, credit cards, which contain a computer chip along with a black strip. The way it works is the computer chip creates and encrypts a new number every time it’s used–this is expected to help reduce the amount of credit card fraud. Newly implemented regulations say that if a business or credit card issuing company doesn’t switch over to this new technology, and in the event of credit card fraud, the non-compliant party will be responsible for the loss. Some stores are already on top of the switch over. You may notice the new card processing machines at Target, Walmart, Walgreens and Costco. However preventive it is for customers, this new technology also provides a new opportunity for scam artists to steal your identity. Scam artists are doing this by posing as a credit card company and informing people that in order to issue their new EMV chip card, they have to update their account by providing personal information. So how can you tell if an email from a credit card company is legitimate? According to Steve Weismen […]
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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