FTC warns public of chip card scams

smart-cardThe Federal Trade Commission is joining the FBI in warning the public of scammers who are taking advantage of consumers who know little of the new EMV card.

According to the FTC, scammers are emailing consumers posing as their card supplier. The con-artists tell the victim in order to receive their new EMV chip card, they will need to update their account by confirming their personal information.

A link is also provided in the email.

Giving out sensitive information through the email could result in scammers stealing your identity. Plus, clicking on the link could cause your computer to install malware. Malware  can steal personal information and completely infect your computer.

Keep these things in mind if you receive an email regarding your EMV cards:

Verify who you are speaking to. Your card supplier shouldn’t be calling or emailing you to get personal information to send a EMV card. Don’t respond to a caller or an email address looking to get your card number or other sensitive information.

Call the card issuer. If you feel like you may be dealing with a scammer, call the number of the back of your card. A representative of the company will be able to answer your questions.

Don’t trust links in emails. If you get an email that looks suspicious, don’t click on any links it provides. Only provide personal information through a company’s website or call them.