Credit Card Chip Scam Comes Via Email

Now that the new, more fraud resistant chip is in most credit cards, scammers are working a new angle to steal from you. 
Granted, we are all still in a learning mode - learning that this chip in our credit cards now is called an EMV; learning to replace swiping by inserting our credit cards into the machine when we shop; and now learning to avoid being scammed. 
Leading up to putting an EMV embedded chip into your card to replace swiping it,  security experts say it will be an extra barrier against fraud. And it still is. But scammers are using an age-old scheme with a new lure - email and fake bank notices. 
Bonnie Smyre, an Internet security expert with a local company called RAXIS, explains how it works. 
"These type of phishing emails have been around for a long, long time. You might remember the, 'Hey I'm your long lost relative from a distant country and I left all of  my money to you. I just need your banking account info'. Most people read those but said this looks fishy."
So the conman saw an opportunity to freshen up this scam by contacting you about your new EMV chip credit card. 
"So now they're sending much more legitimate emails. It's hard to tell that they're fake. They often fake an email address so it looks like it's from your bank. They use graphics from your bank. It looks very legit then they ask you, 'You need to update your information. Your card is on the way, but before it can take effect we need your personal and banking information to be updated'," added Ms. Smyre. 
Don't bite. Don't reply to the email. Don't click a link. It's a new twist on an old scam meant to draw you in. If you get something like that and have questions about whether your bank is really trying to contact you, call the number on the back of your credit card or on your bank statement and just ask. 
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