| In the past when you paid for your purchases with a | | | | shield the four digit numbers when keying in your PIN |
| credit card, you would have had to sign a receipt. But | | | | into a keypad. It is known for fraudsters to |
| with this chip and PIN method all you need to do is to | | | | surreptitiously install hidden mini-cameras near the |
| key in a four digit number into a keypad when you | | | | ATMs to record your PIN. By shielding your PIN from |
| make your purchase. So although the fraudster can still | | | | prying eyes, you are safeguarding yourself from credit |
| "skim" (a devious way of running your credit card | | | | card fraudulence. |
| details through a credit card copier and then producing | | | | With the widespread successful use of Chip and PIN, |
| a clone) your credit card details, he/she by not | | | | credit card fraud is no longer that easy to commit and |
| knowing your PIN will not be able to commit the fraud. | | | | the fraudsters are now turning their attention to credit |
| That is why it is paramount never to reveal your PIN | | | | card fraud on the internet instead. The use of the |
| to anyone and don't ever make the mistake of writing | | | | internet for online shopping is growing at a tremendous |
| it down and keeping it together with your credit card. If | | | | rate and the fraudsters are keen to cash in. The chief |
| it transpires that you did so thus enabling the fraudster | | | | advantage to the fraudster is that when purchasing |
| to rob you due to an oversight on your part, then the | | | | goods and services on the internet they are only |
| credit card issuer will not reimburse you for your | | | | required to provide credit cards details which they can |
| losses. Make it a point to memorise your PIN instead. | | | | obtain by "skimming" but are not required to key in a |
| Think of dates like your favourite person's birthday or | | | | PIN as online shopping on the internet are credit |
| of an important event, so as to make the memorising | | | | card-not-seen transactions. |
| of your four digits PIN easier. Also, make sure that you | | | | |