What have you always wondered about the economy? Tell Us

The credit card chip has its security limits

Adam Allington Feb 3, 2017
HTML EMBED:
COPY

The credit card chip has its security limits

Adam Allington Feb 3, 2017
HTML EMBED:
COPY

The number of victims of identity fraud is higher than at any point in more than a decade. That’s despite new security measures, including those new credit card chips. The number of cases rose 16 percent to nearly 15.5 million consumers, according to a report by Javelin Research and Strategy. Weren’t those chips supposed to make it harder for fraud to take place?

Click the above audio player to hear the full story.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.