Is Credit Card Fraud Still a Problem?
Over the years, your BBB® has provided warnings regarding credit card scams and security breaches. When the new EMV chip credit and debit cards were introduced, they were to provide greater security for their users.
According to a US News article by Anisha Sekar, the United Kingdom experienced a reduction in credit card fraud of 63% just by switching to the EMV chip. However, in other countries including the US, not all debit/credit cards have been changed to the new EMV chip yet. This brings up the question of how exactly do people secure their credit and debit cards to keep them from being compromised.