Happy Sunday (and happy New Year!) to all of our travel friends, both near and far! Here are some articles we’ve read from other bloggers (and other sources) that we think you may like, as well, so we’re passing them along.
Nowadays, having your credit card number stolen is one of the most annoying things that can happen (well, except for someone stealing an Amazon.com package from your front porch). Credit card fraud used to be something you heard about on the news or maybe you had a friend who had their debit card number stolen and couldn’t get money out of the bank until everything was straightened out. Those days are long gone. Credit fraud is happening to everyone and the more cards you have, the greater the chance you’re eventually going have to deal with it.
Let’s look at the evolution of credit card theft and what you can do today to protect yourself from the bad guys:
By now, I’m sure you have a credit card with a chip, or EMV chip to be specific, in your possession. It’s that thing on your card that makes the person at the checkout tell you, “You need to use your chip in the bottom thingie,” or makes them say when you try to insert your chip card, “We don’t use that chip thing yet, so you need to swipe your card.”
In the U.S.A., we like the think we lead the world in just about everything, but when it comes to credit card security we are decades behind the curve. EMV ( Europay, Mastercard and Visa) chip technology was introduced back in the 1990s and rolled out throughout Europe in the 2000s. The chip in the card is used to confirm the information instead of reading the information off the magnetic strip on the back. This technology is harder to counterfeit and, supposedly, cuts down on fraud. The banks in Europe rolled out this technology first because credit card fraud was, at the time, much more common there. When the chip cards were introduced and helped prevent fraud, the criminals went to the least protected market, the USA, so they could continue with the scamming. Lucky us.
It’s sad to say, but it seems like we’ve come to an age where lying and cheating seem like good ways to get yourself ahead, regardless of the effect it has on others. The latest way it appears to be happening? Uber.
This is how they do it…