Did you notice your new credit card looks different? Starting October 1, most large merchants require you to do a chip-based transaction rather than swiping a mag stripe. But is this really going to fix things?
Have you ever gotten a call from your bank saying your credit card was stolen, but it was still in your wallet? What's going on here? Card fraud costs $16 billion annually, and it's not getting better. Target, PF Changs, Michaels, Home Depot, who's next?
Find out how these big card heists are pulled off, why chip-and-pin won't solve the fraud problem, and how crooks compromised Apple Pay. See if your bank even bothers to use the security protections it could -- we'll have a mag stripe card reader so you can really see what's in your wallet.
G. Mark Hardy is founder and President of National Security Corporation and has provided cyber security expertise to government, military, and commercial clients for over 30 years. Also founder of CardKill Inc., he is a retired U.S. Navy Captain, and an internationally recognized expert who has presented at over 250 events world-wide. He serves on the Advisory Board of the National CyberWATCH Center. A graduate of Northwestern University, he holds a BS in Computer Science, a BA in Mathematics, a Masters in Business Administration, a Masters in Strategic Studies, and holds CISSP, CISM, GSLC, and CISA certifications.