THOUSANDS OF AMERICANS HAVE FIGURED OUT THE TRICK TO PREVENTING CREDIT/DEBIT CARD FRAUD
December 2016
Posted by B.B. Leigh
Criminals have gotten smarter and most consumers are none the wiser to the newest, high-tech crime in the country. However, people are now being proactive with this high-tech solution.
How is the crime committed?
Hackers purchase inexpensive RFID readers online and modify them to steal information from distances of over 25 feet. Able to be concealed in a bag or backpack, the hacker then goes to a busy area like a mall, airport or college and simply walks through the crowd while their scanner operates silently stealing credit/debit card numbers and personal information from unsuspecting victims.
How The SignalVault card can help?
The SignalVault Credit and Debit Card Protector uses our P.D.S. (Passive Defense System) and E-Field Technology to make your information invisible to hackers and identity thieves. The SignalVault and it’s E-Field Technology is now being used all over the world to protect consumers from a crime that claims a new victim every two seconds. The SignalVault has been tested by Qualtest, Inc. and passed all tests for RFID signal protection.
Do the New Credit Card Chips Really Work?
As I’m sure you've noticed, the way our credit cards are processed has changed due to the embedded “chips” on them. Instead of swiping our cards at check out, we’re now asked to insert the bottom of the cards into a “chip reader” for payment.
The chip is fairly new technology for the U.S, although it’s been the global standard for every major market for decades. The embedded component, technically called EMV—which stands for Europay, MasterCard and Visa—uses a computer chip to authenticate chip-card transactions. The chip encrypts bank information making them more secure than the old magnetic stripe cards.
The U.S. has transitioned over to chip cards in an effort to curb credit card fraud, a pretty serious issue. The recent high-profile security breaches at some of the country’s largest retailers have propelled the switch—the magnetic stripe cards use outdated technology that’s easier for thieves and fraudulent businesses to counterfeit.
Here’s how they work: an EMV credit card chip is a super-small computer that’s extremely hard to counterfeit. When the data is transmitted during a card transaction, it’s encrypted which means even if the information is intercepted, there’s nothing criminals can do with it.
The Reality
So do the chips really work? They do - for the most part. Like most things, the system is still a bit flawed. But they have been statistically proven to greatly reduce credit card fraud in Europe.
And that’s all great. But don’t relax too much, your credit is still precious and vulnerable. The chip might help cut on fraud on face-to-face card transactions, but card thieves still have plenty of ways to rip you off. Using your card at an ATM or gas station have become increasingly dangerous since the chip reader standard has come into play. Then there are the crowd hackers, these thieves are able to electronically pickpocket through credit card scanners and make illegal purchases with your private information. Consider the SignalVault Credit & Debit card protector as a solution to this high-tech problem.
Check out some of the past reviews down below from recent SignalVault customers and you’ll believe the threat is real but the solution is here. The SignalVault cars is selling for 50% off their normal price. If you’re concerned about your family and friends as well, now is the time to stock up… they make perfect stocking stuffers.