While the new EMV chip-enabled cards are designed to protect consumers against more fraud attacks, scammers are already taking advantage of the fact that entering a PIN is not required and not everyone has received them. Millions of consumers are still left without the new cards that have a chip embedded in them to reduce the frequency of identity theft, counterfeiting and hacking. Posing as the credit card issuers, these cyber criminals are claiming that consumers need to update their personal information or click on a link to receive a new card with the chip, wrote Colleen Tressler, a consumer education specialist for the Federal Trade Commission, in a blog post. Consumers who fall for...
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