Key Food breach

July 30, 2020

Is Your Chip Card Secure? Much Depends on Where You Bank

This post was originally published on this siteChip-based credit and debit cards are designed to make it infeasible for skimming devices or malware to clone your card when you pay for something by dipping the chip instead of swiping the stripe. But a recent series of malware attacks on U.S.-based merchants suggest thieves are exploiting weaknesses in how certain financial institutions have implemented the technology to sidestep key chip card security features and effectively create usable, counterfeit cards. A chip-based credit card. Image: Wikipedia. Traditional payment cards encode cardholder account data in plain text on a magnetic stripe, which can […]