“Who Has Your Back?” You might be surprised about which companies have your back and which companies don’t. The EFF report looks at the policies and practices of various technology companies and gives companies stars for certain items that address security concerns of consumers.
Each time after the dynamic card is used, it is zeroized. Thus, it is merely blank piece of plastic to any ambitious thief.”
Now consumers have to worry about the credit card processors stealing the information from businesses. Recently, several proprietors of a credit card processing company have been indicted on several charges in Phoenix, Arizona.
The United States Senate wants to put a stop to them and wants to help victims of fraud, especially elderly victims. A new anti-fraud hotline has been unveiled to make it easier for senior citizens to report suspected fraud and to receive assistance.
The reason “double-swiping” has become common among retailers is because it is often used for customer loyalty programs, record-keeping or other aspects of the retail-operations.
Criminals are obtaining partial credit card information and then calling the victims posing as members of the Security and Fraud Department of your credit card. After giving you the information they have for your card, they then ask you about a suspicious purchase that never happened.
Another way to spot these credit card skimmers is to move the slide with your hands. If they are added after the fact, they will likely fall off or move.
Criminals are quickly running through the magnetic strip way of doing business. They can literally steal our identities right out of our wallets without our even taking them out.
These criminals even have a sort of “moderation” in place. When someone comes on to complain or say something that might rock the criminal boat, a “manager” will then come along and delete their comments.
In about one second, they were able to use a Samsung Galaxy SIII and an app that shall remain nameless to do the deed. Information like the card number, expiration date and name was quickly stolen with a simple walk by.