What Does That Little Chip On My Credit Card Do?

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Source: What Does That Little Chip On My Credit Card Do?

A credit card’s magnetic stripe may have been cutting edge technology in the 1970s, but nowadays it’s a major point of vulnerability. Using illegal card readers, criminals are able to easily scan or copy the information kept on the card’s stripe. If your credit card company has called to ask whether you bought a jumbo pack of marionette strings in El Paso, Texas recently, this may be because someone stole the info from your card’s magnetic stripe…

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