How the New Credit Card Chip Technology Will Support ID Theft

Posted by wpadmin | Posted in Automotive Financing | Posted on 08-02-2016

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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.

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

Posted by wpadmin | Posted in Automotive Financing | Posted on 22-01-2016

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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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The post How to Make Sure Identity Theft Doesn’t Drain Your Bank Account appeared first on Ultimate Identity Protection Services.

The post How to Make Sure Identity Theft Doesn’t Drain Your Bank Account appeared first on Independent Credit Solutions.

Why #UIP Is Paramount for SmartPhone Users (T-Mobile, We’re Talking to You!)

Posted by wpadmin | Posted in Automotive Trends, Uncategorized | Posted on 22-01-2016

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ShareFollow UsLet’s paint the picture for you, people — anybody, whether you’re walking to your next high school class or showing up for your next board room meeting in the biggest Fortune 500 corporation, will carrying around a digital device, open fodder for the worst crime in the world. Identity theft. You’re a target with a […]

The post Why #UIP Is Paramount for SmartPhone Users (T-Mobile, We’re Talking to You!) appeared first on Ultimate Identity Protection Services.

The post Why #UIP Is Paramount for SmartPhone Users (T-Mobile, We’re Talking to You!) appeared first on INTERNET LEGAL PLANS.

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