While new credit and debit cards containing microchips are making payments more secure and preventing fraudulent transactions, scammers are still finding ways to trick consumers.
Introduced in the U.S. about three years ago, these chip cards are still relatively new. As reported by CBS News, a phishing scam is targeting individuals who have yet to receive their new chip cards. Here's how the scam plays out:
If you are expecting a new microchip-based card, beware of this scam. Do not give out any personal information to unverified sources contacting you about your card, especially via email.