MICROCHIP-ENABLED CREDIT CARDS MAY STILL BE VULNERABLE TO EXPLOITATION BY FRAUDSTERS

Source FBI

By October 2015, many U.S. banks will have replaced millions of traditional credit cards, which rely on data stored on magnetic strips, with new credit cards containing a microchip known as an EMV chip. While EMV cards offer enhanced security, the FBI is warning law enforcement, merchants, and the general public that these cards can still be targeted by fraudsters.

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