Stop Getting Hacked: 4 Steps to Obtaining and Using a Free EMV Credit Card

Image By: tales of a wandering youkai

Most Americans can successfully play the “six degrees of separation” game when it comes to knowing someone whose credit card was hacked in the last couple of years. In fact, stolen Target cards in 2013 alone accounted for $53.7 million in income for hackers. Although many folks remember the Target breach, few people remember that 20 other major data breaches occurred in 2014. The reason, is at least in part, is due to the lackluster security technology in our existing credit cards.

The traditional magnetic stripe cards require only a signature for security purposes, and any security system built around low paid retail employees checking signature verification is destined to fail. Who hasn’t sent a friend or relative off with a credit card to buy gas or to purchase groceries where no one questioned the difference in signature on the back of the card and the signature on the terminal or receipt?

Thankfully, there is a more secure form of credit card. Chip Cards, known as EMV or “smart cards”, add another layer of fraud protection through an embedded microchip that turns card member information into unique codes that is difficult to replicate. Plus, if your card is stolen, thieves cannot use EMV data to create usable counterfeit payment cards.

EMV enabled cards, have been around for about ten years in about 80 countries worldwide, but are only recently being adopted by the US, due to legislation that forces merchants to accept them by October 1, 2015. Currently, about 10-15 million chip credit cards already have been issued to U.S. consumers. Additionally, about one million out of more than 10 million POS (Point of Sale) terminals have already made the transition, and as merchants renew with their existing provider or pick a new credit card processor, they are adding the capability.

What Can You Do Now?
1. Find Out If Your Card Is Available in EMV Format: Check out this page at EMV Connection, which shows an up-to-date list of EMV issuers and the availability of EMV cards in the U.S. You can use this list to know what to ask for when you call your credit card company for a replacement card. Or, you can learn more about the card you may already have in hand. In fact, if you received a new credit card from your issuer sometime in the past year, you may already have experienced the technology without realizing it.
2. Request a Free EMV Enabled Card: Will you need to pay for these chip cards? Not if you already own a credit card. All you need to do is call your card issuer or go online to that issuer’s website and request an EMV card. Although banks have been rolling EMV cards out as renewal card replacements, you may need to ask your issuer specifically for that EMV card if you are traveling soon. Most credit card companies won’t issue a card at any time other than renewal unless you ask.
3. Start Using It Wherever Possible: Most new cards issued will contain both the stripe and the chip. So, if you’re standing at a credit card terminal and you aren’t sure what to do, just enter the card in the card slot. If the EMV terminal isn’t ready for your card yet, the machine will show an error and you’ll be prompted to swipe it. If you try to swipe a chip card in an EMV-activated terminal, the same thing will occur – an error message and a prompt to insert the card differently so the machine will read the chip.
4. Memorize Your PIN: Unmanned terminals at automated kiosks may now ask for a PIN number with EMV cards. This is when you DO need to worry. In the past, card holders didn’t need to memorize their PINs, and now they do. Don’t carry a list of PINs around with you, either, because the risk of that EMV card and your PIN list being stolen is just as high as it’s ever been.
Trading out your old magnetic stripe credit card for a chip enabled credit card provides you with a more secure, but equally convenient, way to pay for your transactions. Additionally, remember, that you should use the chip on your card whenever possible, you shouldn’t carry a PIN list around with you, and you should shred your old cards. Taking these simple measures can go a long way to minimizing the risk of credit card and identity theft.
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Rich McIver regularly writes about consumer protection and advocacy as it relates to the credit card processing industry. He is the founder of MerchantNegotiators.com, and can be reached via Twitter or Facebook.

The FBI wants to know my preferred payment method

Image By: Ian Lamont provided by Flickr

Here’s one of the more interesting messages that my spam folder caught this week. Apparently there’s some money the Federal Bureau of Investigations just can’t wait to give me.

Federal Bureau of Investigation (FBI) Anti-Terrorist And Monitory Crime Division.

Federal Bureau Of Investigation. INTERNATIONAL MONETARY FUNDS

J.Edgar.Hoover Building Washington Dc

Customers Service Hours / Monday To Saturday Office Hours Monday to Saturday:

Dear Beneficiary, Series of meetings have been held over the past 7 months with the secretary general of the United Nations Organization. This ended 3 days ago. It is obvious that you have not received your fund which is to the tune of $2.3million Usd due to past corrupt Governmental Officials who almost held the fund to themselves for their selfish reason and some individuals who have taken advantage of your fund all in an attempt to swindle your fund which has led to so many losses from your end and unnecessary delay in the receipt of your fund. The National Central Bureau of Interpol enhanced by the United Nations and Federal Bureau of Investigation and the International monetary funds have successfully passed a mandate to the current president of Nigeria his Excellency President Good luck Jonathan to boost the exercise of clearing all foreign debts owed to you and other individuals and organizations who have been found not to have receive their Contract Sum, Lottery/Gambling, Inheritance and the likes.

Now how would you like to receive your payment? Because we have two method of payment which is by Check or by ATM card?

ATM Card: We will be issuing you a custom pin based ATM card which you will use to withdraw up to $3,000 per day from any ATM machine that has the Master Card Logo on it and the card have to be renewed in 4 years time which is 2015. Also with the ATM card you will be able to transfer your funds to your local bank account. The ATM card comes with a handbook or manual to enlighten you about how to use it. Even if you do not have a bank account.

Check: To be deposited in your bank for it to be cleared within three working days. Your payment would be sent to you via any of your preferred option and would be mailed to you via UPS. Because we have signed a contract with UPS which should expire in the next three weeks you will only need to pay $280 instead of $620 saving you $340 So if you pay before the three weeks you save $340 Take note that anyone asking you for some kind of money above the usual fee is definitely a fraudsters and you will have to stop any communication with every other person if you have been in contact with any. Also remember that all you will ever have to spend is $280.00 nothing more! Nothing less! And we guarantee the receipt of your fund to be successfully delivered to you within the next 24hrs after the receipt of payment has been confirmed.

Note: Everything has been taken care of by the Federal Government of Nigeria the International Monetary Funds, The United Nation and also the FBI and including taxes, custom paper and clearance duty so all you will ever need to pay is $280.

DO NOT SEND MONEY TO ANYONE UNTIL YOU READ THIS: The actual fees for shipping your ATM card is $420 but because UPS have temporarily discontinued the C.O.D which gives you the chance to pay when package is delivered for international shipping We had to sign contract with them for bulk shipping which makes the fees reduce from the actual fee of $620 to $280 nothing more and no hidden fees of any sort!To effect the release of your fund valued at $2.3million Usd you are advised to contact our correspondent in Africa the delivery officer Mr James Morgan with the information below,

Full Name:DANNY BLESSED Email: +++++++@gmail.com Telephone: (512) 240-XXXX

You are advised to contact him with the information as stated below: Your full Name : Your Address: . Home & Cell Phone: Occupation: Preferred Payment Method (ATM & Cashier Check) Upon receipt of payment the delivery officer will ensure that your package is sent within 24 working hours. Because we are so sure of everything we are giving you a 100% money back guarantee if you do not receive payment/package within the next 24hrs after you have made the payment for shipping. Yours sincerely, Miss Donna Story FEDERAL BUREAU OF INVESTIGATION UNITED STATES DEPARTMENT OF JUSTICE WASHINGTON, D.C. 20535

5 tips to help you recognize that it is a spam or phishing email:

  1. If they ask you for money it’s spam/phishing – let’s start with that.
  2. Bad grammar – there are quite a few mistakes in it – including the dropping of articles like “a” “the” look for those mistakes. I’m pretty sure the FBI has someone who proofs their emails before they send them out.
  3. If official it would have come certified mail, not in your email.
  4. If it sounds too good to be true it most likely is.
  5. It’s a plain text with no logo and uses an unusual email address, for example in this case it was +++++@163.com.

Find even more tips and frequent scams that arrive in your inbox with these tips from the real US Government.  Report spam/scam and phishing emails to the organization they are claiming to be from.  In this case it’s going to spam@uce.gov.