New chip card scam may put your finances in danger
Key Points(5)
- <span style="font-weight: 400;">Local officials are warning consumers to be on the lookout for chip card scams, which have surged as credit companies undergo the massive transition to chip technology.
- </span> According to the Federal Trade Commission, scammers are emailing people pretending to be the card issuer.
- The emails says that in order to get a new chip card you need to click on a link to continue the process or update your account with personal information.
- The scammers can use the personal information you provide them to commit identity theft.
- Clicking on the link could also allow the con artists to install malware on your device to steal personal information, monitor your online activity, cause your device to crash and commit fraud.
Local officials are warning consumers to be on the lookout for chip card scams, which have surged as credit companies undergo the massive transition to chip technology.
According to the Federal Trade Commission, scammers are emailing people pretending to be the card issuer. The emails says that in order to get a new chip card you need to click on a link to continue the process or update your account with personal information.
The scammers can use the personal information you provide them to commit identity theft. Clicking on the link could also allow the con artists to install malware on your device to steal personal information, monitor your online activity, cause your device to crash and commit fraud.
The public is warned not to give out personal information by phone or email to anyone claiming their account must be updated before a new card can be delivered.
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