FTC warns of chip credit card scam

HAVE TO FACE FINES YOU MAY HAVE TO FACE JAIL TIME AS WELL Ursula: NOW TO A SCAM ALERT, THIS ONE INVOLVING THE NEW TYPES OF CREDIT AND DEBIT CARDS WITH THE COMPUTER CHIPS IN THEM

CONSUMER REPORTER MARILYN MORITZ WITH THE GOVERNMENT'S WARNING ON WHAT YOU NEED TO WATCH OUT FOR Reporter: BANKS HAVE BEEN ROLLING OUT CARDS EMBEDDED WITH MICROCHIPS IT'S DESIGNED TO BE MORE SECURE THAN THE OLD MAGNETIC STRIPS HAVE YOU RECEIVED YOURS? NO, NOT YET Reporter: SHE IS NOT ALONE

EVERY PERSON WE ASKED HAD YET TO RECEIVE THE NEW CARDS HAS YOUR BANK SENT YOU THOSE YET? NO HAVE YOU HEARD ABOUT THEM? NO HAS YOUR BANK SENT YOU NEW CARDS? NO ONLY ABOUT 60% OF CARD HOLDERS HAVE THE NEW ONES IN HAND

THAT'S WHAT THE SCHEMERS ARE TAKING ADVANTAGE OF THE FEDERAL TRADE COMMISSION IS WARNING CONSUMERS TO BE AWARE OF THOSE THEY SAY TO ISSUE A NEW CHIP CARD YOU NEED TO UPDATE YOUR ACCOUNT CONFIRMING PERSONAL INFORMATION, CLICKING ON A LINK IT'S AN ATTEMPT TO STEAL YOUR IDENTITY AND THAT LINK MAY INSTALL MALWARE ON YOUR COMPUTER IF YOU ARE NOT SURE CONTACT THE CARD ISSUER YOURSELF

KEEP IN MIND CARD ISSUERS DO NOT NEED TO CONTACT YOU THEY SIMPLY SEND THE NEW CARDS MARILYN MORITZ, KSAT 12 NEWS Ursula: ACCORDING TO BANKING INDUSTRY, MOST OF THE