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RE: Are banks putting you at high risk of becoming a fraud victim ?

in #fraud8 years ago (edited)

You should note the new EMV (Europay, MasterCard and Visa) chip cards are not RFID cards (radio-frequency identification cards) and are generally more secure by design. That means they don't emit a radio wave that could be stolen by a bad buy with a card scanner.

It is also true most of these chip cards still have a magnetic strip (at least in the USA) that could be potentially swiped and duplicated. You should still use secure practices when swiping your card.

The great news is once all retailers move to chip-enabled terminals we can do away with the magnetic strip on these cards.

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