From "Chips Can Fall Out of Chip Credit Cards, Leaving Consumers Vulnerable"
ABC News (08/09/17)
The tiny chip in a credit card can fall out and then be used by someone else to access credit card information, according to Shawn Kanady of the cybersecurity firm Trustwave. "They are on there pretty good, but a lot of wear and tear can cause issues with the underlying glue," he warned. Jason Knowles, a reporter at Chicago Station WLS-TV said that he did not even notice at first when the tiny piece of technology fell out of his own card from JPMorgan Chase bank. He claims he was still allowed to swipe his card at many places with the magnetic strip so he didn't realize the chip was missing for days. "When I called Chase they told me I had to get a new card with a new number because if someone found my chip intact, it could be placed on another card," he said. "You could probably even glue it on a business card," Kanady said. "You just need that chip."
ABC News (08/09/17)
The tiny chip in a credit card can fall out and then be used by someone else to access credit card information, according to Shawn Kanady of the cybersecurity firm Trustwave. "They are on there pretty good, but a lot of wear and tear can cause issues with the underlying glue," he warned. Jason Knowles, a reporter at Chicago Station WLS-TV said that he did not even notice at first when the tiny piece of technology fell out of his own card from JPMorgan Chase bank. He claims he was still allowed to swipe his card at many places with the magnetic strip so he didn't realize the chip was missing for days. "When I called Chase they told me I had to get a new card with a new number because if someone found my chip intact, it could be placed on another card," he said. "You could probably even glue it on a business card," Kanady said. "You just need that chip."
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