You probably think that shopping at your local department store is perfectly safe, and the ‘Verified by Visa’ means you don’t have to worry about making a purchase online. Unfortunately that isn’t the case, every transaction is a chance for hackers to steal from you. Brick and mortar retailers in particular rely more on physical theft prevention that cyber theft and as many as 72% haven’t used basic encryption to protect you.
Here are some basic ways hackers target you and your money.
1. Cloning your Credit/Debit Card
This is when they copy the information that is written on the magnetic stripe on the back of your card. Most cards do have chip and pin technology but cloning still works and is still pretty common. Here is a video showing how it is done.
2. Chip and PIN
Chip and p...Read More