Most U.S. retailers switched to chip-card readers long ago. Now Visa is warning of fraud risks at gas pumps' swipe-card readers.
If you use a credit or debit card to pay at the gas pump, keep an eye out for fraudulent charges: The card readers there tend to lack chip technology, and hackers are targeting them, card issuer Visa Inc. recently warned.deadline. But gas stations got extra time to upgrade, due in part to the infrastructure at the pumps. Their deadline isn’t until October 2020.In one case, a gas station was compromised by malware from a phishing email that was opened by an employee.
Visa suggested that gas stations stiffen up their network security and train employees on how to avoid phishing scams. It also said converting fuel-pump card readers to chip technology would help thwart these attacks.during a sale. Rather, a unique code is transmitted that, if stolen, is no more useful than an expired password.Upgrading isn’t cheap.
Cardholders should get their money back if they report fraud to the card issuer, but the gas station would then owe that money to the card issuer, said Ted Rossman, industry analyst at CreditCards.com, a review and analysis site.
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