Are you a swiper or a dipper? Chances are, you have at least one EMV chip-enabled card in your wallet.
EMV, which stands for Europay, Mastercard and Visa, and has been used for years throughout the world, was introduced in the U.S. about 18 months ago. The cards are also called smart cards, chip cards, smart-chip cards and chip-enabled smart cards.
Here’s what you need to know about the new generation of cards.
Scammers seem like they’re in every part of the economy. If you make a purchase online, scammers are trying to get your credit or debit card number. If you check your email, scammers are trying to get you to download spyware. You might think you’re safe conducting all your business in cash, but scammers are waiting in one location you can’t get around: the ATM.
Every year, the Detroit Auto Show brings in visitors from around the world to see the newest models from major car manufacturers. The Consumer Electronics Expo gives us a chance to see all the new gadgets that will be on our wish lists come holiday time. Penny Arcade Expo unveils the year’s new video games that our teenagers will be using to ignore their homework.
Just about every article you read about fraud, security and identity theft is based on the idea that with increased technology comes increased security. Unfortunately, some of the greatest vulnerabilities come from low-tech attacks.
Your wallet is stolen. Not only have you lost cash, you probably have a driver’s license and credit cards to cancel and replace. Worst of all, you have the headache of identity theft to deal with. The best insurance is to be prepared.