By now many consumers have received new credit cards embedded with a chip designed to cut down on fraudulent transactions. EMV cards (Europay, MasterCard, and Visa) generate a random number for each transaction and customers have an extra added layer of protection when they shop using “chip and dip” technology. As with any new advancements and/or improvements, scammers are taking advantage  new credit cards.

Imposters are sending out emails phishing for personal information by claiming that the credit card company is updating your account information and they provide a link “for your convenience” to check on your account details. Clicking on a phony link enables scammers to not only steal your valuable personal data, it also can install malware and/or viruses on your computer system. If you receive emails addressed to “Dear Cardholder” proceed with caution. Call your credit card company directly with any questions and take matters into your own hands.

Chip and dip does not work when shopping online. Use the same precautions as always when making purchases from websites. Check the spelling of the site carefully. One typo can send you to the wrong place and jeopardize your account. Always look for https:// in the address bar. The S and a padlock icon means the website is secure. Avoid any “click bait” ads that encourage you to shop elsewhere for out of this world bargains and then fail to follow through with merchandise you believe you purchased.

Word of mouth is a great way to share your experiences with others-both good and bad. Remember to check bank and credit card statements carefully during the holiday season and be leery about any offers that seem to be too good to be true.

Wishing everyone a safe and scam-free Holiday Season!