Chipped Credit Cards coming soon, and expected fraud increase

Posted on January 19, 2015 in hntbh - 0 comments - 0

Credit cards with CHIPS!!!

The future is here in the U.S. all credit cards will soon have a bit of encryption magic to help prevent in-person credit card fraud & theft. You’ll have this little graphic somewhere on your card (if it is ready). The good news is this will help lower fraud, but as accurately shared by Brian Krebs (basically the online reporter/expert in this space):

In every country that has switched to EMV cards — and the United States is the last developed country to do so — online fraud has jumped, says online fraud expert Brian Krebs. “Fraud doesn’t go away, it just goes somewhere else, and that somewhere else is always online,” he says. “The thieves can still steal the card number and expiration date, which still can be used online. So that’s generally what will happen. We’ll see a pretty big uptick in card-not-present fraud.” – CreditCard.com & Brian Krebs from his new book SPAM Nation

 

So, the tips for managing your online security are even more elevated in this new time. As cards become updated, practice your good tips and carry on.

James

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About The Author

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jjd

James has been in technology and information security since 1996, and has worked at both the hardcore technical areas (installing the wires and boxes), and has spent the last decade building and leading global information security professionals. James is a published inventor (encryption privacy related patent), a regular speaker, a leader in the information security field, and a passionate father.

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