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We even created the ability to use chipcards in a USB-attached chip reader to form-fill and send EMV-like payment information to merchants across the internet. Even those communities that are unbanked or underserved can choose to receive their SocialSecurity and veterans benefits through reloadable, prepaid cards.
The company believes that exposure of cardholder data that could be used to create counterfeit cards – including names, addresses, emails and SocialSecurity numbers – was limited, but some credit card numbers may have been compromised. Buckle Inc. 28, 2016, and April 14, 2017.
Barnhardt related that with the advent of chipcards in the United States, fraudsters have been looking for new avenues through which to continue their criminal enterprises. Yet a GIACT identity test revealed no fewer than 590 applications where SocialSecurity numbers were used to open accounts for people who were deceased.
The fact remains that the very data that is readily available across all conduits of transactions – from phone numbers to SocialSecurity numbers – are there for the taking, across all manner of firms, and can be used as building blocks to create sophisticated ways to defraud the innocent.
Chip-enabled transactions: Still seeing a steady march of acceptance in the United States. EMVCo says that 59 percent of card transactions are done through EMV chipcards globally. Stolen information included names, SocialSecurity numbers, birth dates, addresses and, in some instances, driver’s license numbers.
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