FBI Releases Warning of Chip & Sign Credit Card Weakness

/ 8 years ago


The FBI today released a statement today warning consumers that the new chips don’t prevent against online fraud or point of sale compromises (like the Target hack). Apparently the “chip and sign” signature based systems are a point of weakness when compared to “chip and PIN” based systems. They went on to advise merchants to use the “chip and PIN” system whenever possible. This is requested since the PIN based systems fully utilize the security measures that are built into the EMV chip on the card.

Apparently the weakness is already widely known in the industry and this warning from the FBI is just a wake-up call that the US is behind where they should be. Most other major markets have transitioned to “chip and PIN” about ten years ago. Hopefully with this alert from the FBI more of the industry will get with it in the US and work to fully utilize the EMV chip’s benefits.

As a consumer here in the US, I personally haven’t seen any “chip and PIN” systems in my area. It really makes me wonder why all the big fuss about transitioning if nothing new will be done. I would like to have some peace of mind sooner rather than later when it comes to the security of my cards.

Thank you The Verge for providing us with this information.

Image courtesy of Huffpost.

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram
  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS Discord Patreon TikTok Twitch
  • Features

Send this to a friend