Expert: credit cards are not fully secure - FOX 35 News Orlando

Expert: credit cards are not fully secure

Posted: Updated:
MYFOXNY.COM -

Another week and another credit card hacking at a major retailer. This time it was Michael's craft store. Consumers are uneasy because current credit card technology is antiquated.

"The fact is you cannot protect your credit cards, you can't every time you give it out it is vulnerable to fraud," says Robert Siciliano, McAfee identity theft expert. He says the magnetic strip technology of our credit cards is easy to duplicate. But more secure chip and PIN cards, as they're called, are still years away from being the norm in the United States. He says the only solution is paying attention.

"People are checking their Facebook pages every day why not check their bank or credit card statements daily as well," he says.

9 out of 10 consumers surveyed by BillGuard only glance at their monthly statements and rarely go line by line. Others rely on banks to watch out for fraud, says BillGuard CEO Yaron Samid.

"Most people assume banks will take care of them and find fraud," he says. "The reality is, and it's a shocking stat, that banks catch about one-third of card fraud every year."

Samid created the BillGuard app, which consolidates debit and credit accounts and helps spot suspicious charges that have been flagged by other members. The app has seen a major spike in downloads since the massive Target data breach earlier this year.

Samid says consumers need to regularly check their accounts, and his company's app makes it easier to do that. He also says when you check your accounts, pay attention to small charges that you don't recognize; those could be a sign of hackers testing to see if your account will authorize charges.

  • Local NewsLocal NewsMore>>

  • $2.4B Revel casino shuts down after just 2 years

    $2.4B Revel casino shuts down after just 2 years

    Tuesday, September 2 2014 10:47 AM EDT2014-09-02 14:47:40 GMT
    Revel in Atlantic City, New Jersey. (Photo courtesy Revel Entertainment)Revel in Atlantic City, New Jersey. (Photo courtesy Revel Entertainment)
    Revel Casino Hotel closed its doors Tuesday morning, a little more than two years after opening with high hopes of turning around Atlantic City's struggling casino market.
    Revel Casino Hotel closed its doors Tuesday morning, a little more than two years after opening with high hopes of turning around Atlantic City's struggling casino market. The 5:25 a.m. casino shutdown followed the closure of its hotel on Monday. By mid-September, four of Atlantic City's 12 casinos will have closed, but none will be a costlier failure than Revel.
  • Long Island beaches reopen to bathing

    Long Island beaches reopen to bathing

    Tuesday, September 2 2014 10:08 AM EDT2014-09-02 14:08:19 GMT

    Health officials say six Long Island beaches that were closed for one day have reopened to bathing. The Nassau County beaches were closed Monday due to storm water runoff that could negatively impact bacterial levels. The beaches were: Laurel Hollow Beach, Morgan Beach, North Hempstead Beach Park, Sea Cliff Village Beach, Tappen Beach and Theodore Roosevelt Beach.

    Health officials say six Long Island beaches that were closed for one day have reopened to bathing. The Nassau County beaches were closed Monday due to storm water runoff that could negatively impact bacterial levels. The beaches were: Laurel Hollow Beach, Morgan Beach, North Hempstead Beach Park, Sea Cliff Village Beach, Tappen Beach and Theodore Roosevelt Beach.

  • 1 tube of Lincoln Tunnel closed after accident

    1 tube of Lincoln Tunnel closed after accident

    Tuesday, September 2 2014 10:02 AM EDT2014-09-02 14:02:27 GMT
    One of the tubes of the Lincoln Tunnel has been closed after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says four people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.
    One of the tubes of the Lincoln Tunnel has been closed after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says four people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices