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FBI Gives Bad Advice on How to Avoid Fraud with New Microchip Credit Cards

credit_cardsBy Steve Neavling
ticklethewire.com

When it comes to new technology to crack down on fraud, law enforcement sometimes offers the wrong advice.

That happened recently when the FBI told consumers last week to use their PINs with their new microchip-installed credit cards because “these cards are still targeted by fraud.”

Trouble is, most of the new chip cards don’t have PINs, McClatchy reports. 

The new chip is designed to better detect credit card fraud.

For example, a hacker would have a hard time replicating a counterfeit card.


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