Many stores and popular retailers all across the country began making the switch from magnetic card readers to EMV card readers for debit and credit card transactions in order to make them safer.
Walmart is one of those stores, but it still isn't enough to keep crooks from trying.
Security researcher Brian Krebs has pointed out that skimmers, one of the more successful tools of 21st century crooks, have been found at local Walmarts. Krebs also noted the high amount of skimmers that are on sale on the Dark Web, selling between $200 to $300.
According to Krebs, Walmart began installing the chip card readers last year and requires cards with chips to be used. The hackers who installed the skimmers are crossing their fingers for Walmart customers to swipe their magnetic strip.
And that could actually be a lot of people. A recent study from The Mercator Advisory Group shows that only 60 percent of credit cards have been updated in the U.S. and only 20 percent of card terminals have chip reading capabilities.
However, it's important to note that in the photos of the skimmers below (the same models found at Walmart) includes a slot for chip cards. Only time will tell if the skimmers have found a way around the chip readers. Perhaps this is the beginning of that research.
Have you updated your credit and debit cards with the chip technology? Do you think it's safer? Let us know your thoughts by posting in the comments below.
Are you worried about skimmers hitting you?
- Click here for ways to stop skimmers from stealing your money.
- Click here to learn how to spot a skimmer.
- Click here to find out the 3 worst places to swipe your cards.