Most people have or are getting regular “swipe and sign” credit and debit cards replaced with the newer EMV chip cards. These new cards are more secure than the older ones, for the most part. However, Enterprises TV learns that this is not stopping phishing chip card hoax from occurring.
The average American is well-informed about phishing hoaxes. Phishing is an activity where an email note is sent from an unknown source asking the receiver for personal and/or financial information. When the information is given, the sender can access personal and financial accounts and clean them out. A link can be sent requesting the same information. When the link is clicked, malware can be installed on the computer or mobile device being used.
Here’s what to do if you or someone you know receives an email like mentioned above:
- Delete the email note and empty the virtual trash bin.
- Review bank and credit card statements regularly to be sure all charges are legitimate. If a charge looks suspicious and you know you didn’t make it, call the issuer immediately and put a credit freeze on the account.
- Sign up for fraud alerts on credit cards. This can be done online and send in either SMS or email.
- If you use the card and the transaction is denied, and no communication was forthcoming about the account being frozen, call the bank or issuer and ask why you were not notified.
- When shopping online, look for the indication that the site it protected with a secure socket layer (SSL) or shop only from trusted sources.
Keep in mind that banks and credit card companies do not email account holders requesting personal and/or financial information. Enterprises TV encourages readers to aware of suspicious email, be vigilant in reviewing bank and credit card statements, and be ready to act immediately if your EMV chip-enabled card is used in a fraudulent manner.