Don’t Fall for This Chip Credit Card Scam

The credit card industry is undergoing a massive change as it switches to chip-based cards, and scammers are taking advantage.

Banks have been sending out new credit and debit cards that have an embedded microchip to meet an October 1 liability change deadline. But not everyone has received a new card yet: A September survey showed almost 60% of card users haven’t received a chip-enabled card.

Read more…Don’t Fall for This Chip Credit Card Scam