Very Important: Chip based card security flaw you might not know
- 939
- 24
-
- Last Comment
I was always under the impression that chip based card can not be cloned because of chip so no concern when using at any PoS in shops. However today I came to know that it is not so.
https://arstechnica.com/information-technology/...
A chip based cared security only comes into play when the card reader is “insert card” style but there are still the old “swipe style” card reader machines being used(just confirmed it from a friend who paid using the same swipe style machine at a petrol pump a few weeks back). If you use a chip based card in a swipe style card reader machine then your card chip’s security won’t play any role & your chip based card is completely susceptible to card cloning just like older non-chip cards.
So make sure that any PoS where you use your chip based card is insert style & not swipe style.If you cannot avoid swipe style card reader then use some card with not so much balance/card limit.
- Sort By
Yes,but this is very surprising.RBI should ban the usage of swipe style card reader immediately because what’s the point of using chip based card if it can also be cloned like older cards when using such swipe style card readers. Before knowing this I was using my card at any shop without a worry believing that chip based card cannot be cloned but now I will not use my card at swipe style PoS.
Wrong info. Cards issued nowdays come with magnetic strip and are also Chip based. Not all cards are completely chip based but in the process. So even the chip based cards are being issued with the old magnetic strip tech. Sometimes due to whatever reason if chip is not getting detected then they swipe and go forward with the payment. So the issue is that cloning here happens due to the magnetic strip and the chip has no role in this.
The cashier at the supermarket chains always swipe my card first at their billing machine before using the actual POS. How safe is that?
?? swiping/dipping card reader is the PoS.If you are saying that he swipes your card 2 times or he first swipes the card at one reader & then use a different reader then it is definitely a card cloning scam.
Can we pay at pos using Virtual Card ? If yes, How?
Tokenized virtual cards worked on NFC POS machine.
like SamsungPay & upcoming GooglePay Tokenized payment.
Chip based card can also easily cloned.
Suchna janhit me jari.
Remedy : use a dedicaded card for pos maching with low balance e.g 10k
Dont swipe ur card at local shop, intead use qr based transaction preferebly upi
Never use atm which is not in brach building, otheriwse some skimming can be possible
You can disable swiping for citi cards. Call CC.
Many major banks are supporting instant locking/unlocking of credit cards on their mobile app. Use it to lock your cards and unlock them only when you are using them.
For ICICI bank they give an option to individually lock/unlock for ATM, online and international transactions.
For citibank they give an option to individually lock/unlock domestic/ and international transactions.
Ever since I read news about 100 million Indian credit card details being sold on DarkWeb (darknet) I started keeping all my credit cards locked using mobile apps of respective banks. I unlock the cards instant when I have to use the card and immediately lock it back again.
Good practice but similar option is also available for many banks’ debit cards & the recent/latest news was about 1.3 million Indian cards(both debit & credit) details available on dark web.
Everything has a remedy
And every remedy has a disease