Recently, the Credit Card industry went through a huge change as they switch to chip cards cards and scammers are taking advantage of the changes.
All major credit card companies were to ship out new chip credit cards to replace your old cards by October 1st. However only 60% of cards have been issued. This leaves room for scammers to come in.
The scam: Scammers will send you an email pretending to be a credit card company. They will claim that they need to verify personal information before issuing new chip cards. Scammers will then use this information to steal your identity.
The FTC has issued a warning and reminding people that credit card companies will never ask for personal information in an email. Only ever provide personal information through the actual company’s website or by directly calling them through the number found on the back of your current credit card.
You can read more about the scam from the FTC’s website.
