How the New Credit Card Chip Technology Will Support ID Theft

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Businesses have to be keen on this new development in the financial stratosphere when you’re thinking about it, for plenty of reasons. Aside from the fact that the transition to credit card chip technology will incorporate a nationwide spread of new card-reading machines (more investment for businesses, unfortunately), there’s one other subject companies everywhere would love to learn more about: identity theft.

Will This New Credit Card Chip Technology Protect More?

Good question. This doesn’t just revolve around the consumer, but the business. Ever lend your business credit card to the intern? Not a smart move…. You can imagine just how important it is to ensure that credit card fraud never steps foot into your business, and the concept of someone stealing somebody’s information — either customer, client, or business — is earth-shattering at best.

However, the computer chip raises a beautiful question. Hackers don’t care. A chip can be hacked into. credit card chip technology-1But everyone’s saying that this new credit card chip technology’s going to change the landscape as far as credit card fraud and ID theft is concerned (it’s already happening a ton overseas where EMV’s been changing the way people spend money).

Here’s why credit card chip technology will make things better — the main problem with the magnetic strip credit card is the fact that the strip holds all the data and it never changes. That means if anyone ever gets a hold of your one little strip (they don’t even need to steal the card) and copies it (that’s really all they need to do), you can go about your life still having your card (no one stole it!) while some ID thief runs around with a copycat card, spending all your money.

That magnetic strip is a prime target for ID theft.

What the computer chip-enabled card does, however, is allow the user to swipe it, have the machine read it; and the chip itself develops a unique ‘transaction code’ that can never be used again. It, therefore, means, you can buy 15 separate candy bars, the card will read it 15 separate times, and each time will be virtually unique from every other time.

Not one thief would be able to steal your information. Each transaction is encoded through the chip and never gets stored anywhere. It’s processed and then dies a lovely death in cyberspace, basically. Therefore, your information can’t ever be pulled from the card.

Of Course, These ID Thieves Are Resourceful!

The hope is the new credit card chip technology will change the way credit card fraud happens. As in never. But the problem with ID theft is there’s always a way. It’s like that bad penny always turning up. The good news is that this new development will certainly make it easier for Ultimate Identity Protection and other partners to do what they do best. Protect your identity.

Visit our Google+ page. Sign up today! And be on the lookout for your new computer chip-enabled credit card.

 

 

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The post How the New Credit Card Chip Technology Will Support ID Theft appeared first on Ultimate Identity Protection Services.

The post How the New Credit Card Chip Technology Will Support ID Theft appeared first on Independent Credit Solutions.

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3 Reasons Why You Shouldn’t Worry About Your New Chip-Enabled Credit Card

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Transitions are never fun: maybe you’re looking to buy a new home in this growing real estate market, or you’re fixing to enroll in school for another degree. Changing jobs maybe? What with the fluctuating economy, whatever decision you’re going to make is about the equivalent of stirring up a hornet’s nest. Such is the case with this massive yellow jacket of a transition: chip-enabled credit card technology, also known as EMV. And as of this past October, guess what — you’ll very soon be forced to use these new type of credit cards.

Fear Not, Though, and Don’t Be Frightened — Chip-Enabled
Credit Card Technology Won’t Sting

chip-enabled credit card-1

Aside from the fact that the U.S. is at the moment the last country on the planet to use the old-fashioned magnetic strips you find on credit cards (Europe and other countries utilize EMV religiously, along with PIN identification for further prevention of ID theft and credit card fraud), you have three reasons to believe that everything should be okay as the commercial industry, specifically regarding credit cards, will do just fine with this new chip-enabled credit card technology:

And that’s just the start. There will be numerous other benefits associated with chip-enabled credit card technology as EMV continues to flourish and dominate the spectrum.

The Best You Can Do Is Be Prepared

Those credit card companies won’t spring the new cards on you while you’re not looking, just so you know. It will be a transition, not a big surprise. But a good transition at that.

Want to know more about what’s headed for finances? Sign up with ITPN, perhaps; of if you’re a home renter, you might want to enroll with Assisting Renters. Be in the know. And be prepared.

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The post 3 Reasons Why You Shouldn’t Worry About Your New Chip-Enabled Credit Card appeared first on OWNWITHHOPE.

Your Credit Card Is an Open Book. So Close It!

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We take for granted the fact that our little pieces of plastic just may be the keys to our true prized possessions: our identities. But why are we so casual about our credit cards then? After all, they’re just plastic flash cards with obscure numbers on them, and it’s hard to believe anyone could steal our identities just from copying down those numbers. Security’s pretty steely these days, we think, so how can any hacker do anything without actually stealing our credit cards? And even then, there are precautions taken for anyone using a stolen credit card. Yet, we should still be worried….

The Reason Why We Should Still Be Worried Is That Credit Card Access Is Easy With the Right Kind of Information

credit card theft

That one little credit card has all the pertinent information a hacker or identity theft aficionado would need — your credit card number, expiration date, your name, and your security code. When you think about it, that’s really all thieves would need.

Therefore, whenever you hand your credit card or debit card to anyone — even a waitress — you run the slight risk that the person just might be a cyber-criminal of the worst kind — committing identity fraud and stealing your resources, your assets, your everything, simply by copying numbers down.

You Could Be Using an ATM and Someone Might Be Looking Over Your Shoulder

It doesn’t take much effort to steal someone’s information. Identity thieves aren’t stupid, unlike some idiots out there. A thief doesn’t necessarily have to steal the actual card. What’s important is the information. More importantly, grocery lines are ripe pickings for identity theft as anyone with a smartphone could simply snap a picture on the other side of a line while the cashier’s not looking, get the numbers from the credit card or debit card swiped, and then use that information to purchase a new car or something. It’s that simple.

Be careful, please. You’re walking around with a giant vault, unlocked, and loaded with not only all the cash you have on you, but all the potential you have in securing loans and new lines of credit. Not a whole lot of financial quality control to work with there. Current credit lines, too, are in danger. When you think about it, it’s not that hard for an identity thief to get a hold of your information.

Identity Theft Protection Is, Therefore, Essential

You’re never 100% risk-free. Just remember that. You can even have a stolen-card policy with your credit card company, but it won’t matter as long as the criminal has your information. Make it a point to get in with the ultimate identity protection service out there, or LifeLock especially. Identity theft is the most dangerous crime in the U.S. these days — and your credit card has now earned another notch on your belt as your biggest weakness!

The post Your Credit Card Is an Open Book. So Close It! appeared first on IDENTITY THEFT PROGRAM REVIEWS.

The post Your Credit Card Is an Open Book. So Close It! appeared first on Independent Credit Solutions.

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4 Top Infamous Thieves Having NOTHING to Do With Identity Theft

ShareFollow UsWhat does a thief look like in modern society? Are they strung-out crackheads? Or the devilishly good-looking James Bond types that you see on TV? Does it matter? In all honesty, no. The Thief of Today’s Age Can Be Anyone Your 16-year-old babysitter, the nerd you picked on in high school, and even your […]

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Secret Tips on How to Avoid Phishing Scams

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In today’s technology-driven world, the internet plays a massive role in spreading information. However, there are certain people and things that everyone should be aware of while using the internet. People such as cyber-criminals implementing identity theft, credit card fraud and other vices deceive internet users into revealing sensitive and critical information unknowingly. What Is […]

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How to Make Sure Identity Theft Doesn’t Drain Your Bank Account

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Identity theft is rampant these days. Anyone with a computer and enough gall can accomplish it, regardless of their intellectual prowess, and so bank accounts are being ruptured – and drained – with alarming regularity, but it is preventable with such services as LifeLock or Identity Guard.

Be Aware of Identity Theft: From the Moment of Inquiry

The next time someone asks you for your phone number, full name, or financial information, stop and identity theft-1ask yourself why do they need to know this? Then, stop and ask the person inquiring – why do you need to know this?

Identity thieves ask for important information, knowing that more often than not they will get a thoughtless, automatic response. So be vigilant about who you hand that information out to, and you might save yourself a lot of trouble.

Keep an Eye On Your Snail Mail, Without a Doubt

One method of identity theft is to take mail directly out of a mailbox. Don’t make it easy for them. Always drop your mail off at the post office instead of leaving it in your mailbox, and when you go on vacation, make sure you have your mail held instead of letting it pile up for thieves to take.

Don’t leave bills lying around where anyone can see them, and keep your personal information, such as credit cards, stored away safely.

Best of All, Watch the Internet, Because the Internet Watches You!

Most identity theft occurs online. Be smart about online financial transactions. Install firewalls and make sure the sites you’re spending money on are secure sites. Use creative passwords – random sequences of letters and numbers work best – and don’t give your financial information to just anyone

It’s hard to stop a criminal once they set their mind to committing a crime. But you can make yourself less likely to be a victim, and safeguard your financial well-being, credit history, and identity by being vigilant with the ultimate identity protection. As a result, you end up making sure you’re the only one spending your money.

The post How to Make Sure Identity Theft Doesn’t Drain Your Bank Account appeared first on IDENTITY THEFT PROGRAM REVIEWS.

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Finally, a Review on the HOPE Program: Long Time to Wait

The irony here at the Complete Real Estate Site is that we here haven’t even given the goods on this well-known organization known as HOPE Program, and in all honesty, that is a travesty. This is largely due to the case that the H.O.P.E. Program can largely be considered the man behind the curtain, the Wizard of Oz, if you will, of real estate assistance. So you don’t really get to hear much about what H.O.P.E. to Own does. Until now.

Why the HOPE Program Has Earned That Star-Studded “A” Rating From the BBBHOPE Program Wizard of Oz

Let’s just start with that for a moment, shall we? This is a program earning such a prestigious rating from the Better Business Bureau. Right about here, we can actually stop the writing and you can stop the reading from here and out, because that alone should be reason enough that the HOPE Program knows what they’re doing.

But you’ve got to know, wholeheartedly, this important fact: you need to know what they do as well. As usual, we’re all about knowledge here, and with an acronym like H.O.P.E. (Home Ownership is Possible with Education), the HOPE Program certainly feels the same way, as they should. Knowledge is power. And in the real estate industry, power is absolute.

The Verticals of the HOPE Program

Assistance, affiliations, referrals, and partnerships: that’s what the HOPE Program focuses on. They steer clients in the right direction, ensuring the ultimate goal — home ownership. It doesn’t matter if you’re seeking a bookkeeper or a tax preparer, or maybe you want some help with credit repair. Perhaps you’re considering something along the lines of identity theft protection, or you’re hoping to find a consultant for a rent-to-own home. The ultimate endgame is simple — home ownership.

  • Credit Repair
  • Identity Theft Protection
  • Consultancy
  • Finances
  • Home Renting Resources
  • Real Estate
  • College Education

Yes, you can even get assistance toward advancing your career through job portals like National Jobs Online, or grants and scholarships for going back to school. It’s obvious: the HOPE Program doesn’t play around. They’re in it for success for all who end up on their books, and their goal is successful home ownership for anyone interested in that very concept of success.

So Better Late Than Never, Right?

Like we said, though…. Aside from that “A” rating, the people at the HOPE Program really only care about one thing — you. And as far as we’re concerned, that’s more than just an “A” rating in our books, whether you’re a home seller, home renter, or prospective homeowner. Needless to say, when we’re done going through the steps of the HOPE Program, we’d all be chanting in unison the words “there’s no place like home, there’s no place like home.” Guess what, folks: you’re home. With HOPE.