Chip Card Email Scam

Chip Card Email Scam


PROGRAM WILL RUN FROM SUNDAY THROUGH JANUARY SECOND. IN OUR SCHEMES AND RIP OFFS … IT PROBABLY SHOULDN’T BE SURPRISING THESE DAYS … SCAMMERS ARE TRYING TO TAKE ADVANTAGE OF THE BIG CHANGES AND NEW RULES IN THE CREDIT CARD INDUSTRY. THIS MORNING KARIN CAIFA SHOWS US THE FAKE EMAIL YOU NEED TO DELETE FROM YOUR INBOX RIGHT AWAY… THE CREDIT CARD INDUSTRY IS CURRENTLY IN THE MIDST OF A MASSIVE CHANGE — SWAPPING THE CLASSIC STRIPE AND SWIPE, FOR NEW, CHIP- ENABLED CARDS AIMED AT OFFERING BETTER CARD SECURITY. LAST MONTH, BEFORE A KEY DATE, INDUSTRY ANALYST MATT SCHULZ OF CREDIT-CARDS- DOT-COM SAID IT WAS LIKELY TO BE CONFUSING, AND SLOW. “IT’S THE BIGGEST CHANGE IN THE WAY WE USE CREDIT CARDS IN DECADES, AND PEOPLE AREN’T READY YET. THERE’S A LOT OF CONFUSION OUT THERE.” THE RECENT INCENTIVE FOR BANKS TO GET NEW CARDS TO CONSUMERS — ON OCTOBER FIRST, THE MAJOR CREDIT CARD NETWORKS SHIFTED FRAUD LIABILITY TO WHICHEVER SIDE OF THE TRANSACTION HASN’T YET MADE AN UPGRADE TO NEW TECHNOLOGY – THE BANK OR THE RETAILER. BUT NOT EVERYONE HAS A CHIP-ENABLED CARD YET — AND NOW THE FEDERAL TRADE COMMISSION WARNS THAT SCAMMERS ARE CAPITALZING ON CONFUSION THE F-T-C SAYS SCAMMERS ARE SENDING FAKE EMAILS THAT SEEM TO BE FROM A CREDIT CARD ISSUER, ASKING FOR VALUABLE PERSONAL INFORMATION IN ORDER TO SEND A NEW CARD. IN SOME CASES — THE SCAM ASKS CONSUMERS TO CLICK ON A LINK — WHICH COULD INSTALL MALWARE. THE F-T-C SAYS CONSUMERS SHOULD ONLY ENTER PERSONAL DATA ONLINE WHEN THEY’VE TYPED IN THE WEB ADDRESS THEMSELVES, AND CAN SEE THE SITE IS SECURE. NOT SURE IF AN EMAIL IS LEGIT? THE F-T-C SAYS TO CALL YOUR CREDIT CARD COMPANY, TO CONFIRM. FOR CONSUMER WATCH, I’M KARIN CAIFA. ANOTHER RED FLAG, ACCORDING TO THE BETTER BUSINESS BUREAU, IS THAT EMAILS FROM YOUR CREDIT CARD COMPANY WILL USUALLY REFERENCE THE LAST FOUR DIGITS OF YOUR CREDIT CARD NUMBER… THEY ALSO SAY THERE IS NO REASON FOR A BANK TO GET ANY PERSONAL INFO FROM YOU BEFORE ISSUING A NEW CARD.

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