by Shannon Cay
LITTLE ROCK, Ark. – People in Arkansas are being urged to be cautious of scammers, as they switch credit cards from the magnetized strip to the “smart” chip.
Recently, banks and credit card companies have been switching from the traditional magnetic strip to the smart chip because they say it is more secure. However, Attorney General Leslie Rutledge says scammers have been posing as the companies, asking for personal and financial information.
She says these scammers are praying on the confusion between the switch up, so people need to be extra careful until all of their cards are changed to the smart chip.
According to the Electronic Transactions Association, about 90 percent of counterfeit may be eliminated be using the chip.
If you feel you have been a victim of this scam, call the Arkansas Attorney General’s Office at 800-482-8982.