How Smart Credit Cards Could Have Prevented Largest Identity Fraud Case In US History
US authorities announced the largest identity fraud case in US history on Oct 7, 2011, in which more than 100 people from Queens, New York, were indicted. Credit card data were stolen by waiters and transferred onto blank magnetic strip credit cards, which were then used to buy and resell Apple (NASDAQ:AAPL) products outside the [...]
US authorities announced the largest identity fraud case in US history on Oct 7, 2011, in which more than 100 people from Queens, New York, were indicted. Credit card data were stolen by waiters and transferred onto blank magnetic strip credit cards, which were then used to buy and resell Apple (NASDAQ:AAPL) products outside the US. US authorities said that this fraud operation exposes the need for credit card companies to embed computer chips in credit cards (so-called smart credit cards) to deter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards