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INSIGHTS1 MIN READ

Alarming Credit Card Hacking!?!?

Lemm

Published on February 5, 2014

Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.

These days I'm hearing more and more about credit card hacking and fraud. It appears that hackers are finding more ways to obtain credit card information.

The first way is when you shop at any retail store where credit cards are scanned and stored for processing. Hackers break into their databases and steal the information. I find this rather hard to believe. Whenever I ask the retail outlet whether they can see our credit card information, they say NO, because it's all done by the software provided by the credit card company. So how can hackers see it? Here is a video about this.

http://money.cnn.com/2014/02/05/technology/security/credit-cards-hacker/index.html?hpt=hp_t1

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The other credit card hacking method is what really alarmed me. Wireless is the culprit, and it appears that only certain cards (the new recent ones) apply. Here is the video exposing this type of hacking.

https://www.youtube.com/watch?v=Uk_ypkrtVs0

What does one do to protect oneself? Has anyone here had their credit card being hacked? If so, what did you do? What other ways can hackers steal credit card information? Any information you can provide will be helpful and appreciated. Thank you in advance.

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