Your browser does not support JavaScript
8620 US 42 | PO BOX 6085 FLORENCE, KY 41022 | P: 859.384.5200 | F: 859.384.5207 | INFO@CKASH.COM    
site search  

IMG
IMG

RISKGuide Blog
 
Do the New Chip Credit Cards Decrease Fraud
Posted By:  Watson Jones
Thursday, December 1, 2016

Do the New Chip Credit Cards Decrease Fraud


Banking cards with microchip technology are designed to protect against fraudulent duplication of magnetic strip cards. However, they do not solve all potential problems confronting consumers. It still pays to be cautious with your credit card information.

Unfortunately, as security measures increase, criminals find new ways to steal information. Chip cards can be read over a short distance using radio frequency identification (RFID) technology. With the right equipment, a criminal could steal your data while standing next to you, without your knowledge. For that reason, consider using a protective sleeve or RFID-blocking wallet.

Although chip cards – whether used with a PIN or signature – help reduce some security threats, online and phone purchases with stolen card information remain an issue for the consumer. Continue to take the same security precautions with chipped cards that should be taken with magnetic strip cards:
  • Shop only on secured sites – look for the https in the address line
  • Guard your card information closely
  • Check statements for suspicious activity
  • Think twice before giving your information over the phone; make sure you’re talking to a legitimate merchant representative
  • Consider alternative payment methods, such as having merchandise delivered to a store where you can pay in person
  • Carry your cards separately from your wallet. It can minimize your losses if someone steals your wallet or purse. And carry only the card you need for that outing.
  • During a transaction, keep your eye on your card. Make sure you get it back before you walk away.
  • Never sign a blank receipt. Draw a line through any blank spaces above the total.
  • Report any questionable charges to the card issuer.
  • Notify your card issuer if your address changes or if you will be traveling.
  • Don’t write your account number on the outside of an envelope.
Continue to stay overly protective of your credit card information. It is still vulnerable.

Contact C.K. Ash Insurance to make for sure that your Business is protected from Credit Card data being stolen off your business devices by calling us at 859-384-5200, e-mailing us at Info@ckash.com, or visiting our website www.ckash.com.


Info gathered from Cincinnati Insurance Company




 
 

Blog Categories

  • General
  • RISKGuide Blog
    • 12/01/2016 - Your Business is Growing, Your
    • 12/01/2016 - Why Health Care Entities Purch
    • 12/01/2016 - Reducing Liquor Liability
    • 12/01/2016 - Preparing for Winter Weather
    • 12/01/2016 - New Federal Overtime Guideline
    • 12/01/2016 - Manufacturing the Best Policy
    • 12/01/2016 - Keys to Controlling Business A
    • 12/01/2016 - Home Inventory
    • 12/01/2016 - Holiday Travel Tip
    • 12/01/2016 - Flood Safety
    • 12/01/2016 - Do the New Chip Credit Cards D
    • 12/01/2016 - Distracted Driver
    • 12/01/2016 - A Risk Assessment Can Help You

Tag Cloud
 


   8620 US 42 | PO BOX 6085 FLORENCE, KY 41022 | P: 859.384.5200 | F: 859.384.5207 | INFO@CKASH.COM         
Request A Quote

Copyright © 2017. C.K. ASH INSURANCE. All Rights Reserved. | Terms and Conditions | Privacy Policy | Review Us On Google