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Three ways to protect against credit card fraud

Source: National Cyber Security – Produced By Gregory Evans

With the global costs of card fraud reaching tens of billions of dollars per year, protecting your credit card data is more important than ever. Although no solution is foolproof, technology can help keep your personal data from getting into the wrong hands. The more hurdles you create between fraudsters and your funds, the better. Here are three big steps you can take. 1. Use cards with EMV EMV chip technology, now the standard in Europe and many other parts of the world, is expanding widely in the United States. But many consumers aren’t aware of the benefits of EMV. NerdWallet’s inaugural study on consumer credit experience found that 25% of people in the U.S. think cards with EMV chips are equally secure or less secure than traditional magnetic stripe cards, while 34% weren’t sure which was more secure. But EMV chips do completely eliminate certain types of fraud, making them a clear winner over magnetic stripe alternatives. Not all issuers currently offer cards with chips, but the security benefits might make it worth signing up with one that does. EMV chips mitigate fraud with a technique called tokenization. Tokenization means that every time you pay with an EMV card in person, the unique information that identifies the card changes. So card information copied from […]

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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