Secret Service Warns of Chip Card Scheme: replacing the chip and then draining after activation
The U.S. Secret Service is warning financial institutions about a new scam involving the temporary theft of chip-based debit cards issued to large corporations. In this scheme, the fraudsters intercept new debit cards in the mail and replace the chips on the cards with chips from old cards. When the unsuspecting business receives and activates Read more about Secret Service Warns of Chip Card Scheme: replacing the chip and then draining after activation[…]