The shift from payment cards with magnetic stripes to EMV chips was supposed to stomp out card cloning, except cybercriminals appear to have figured out a workaround.
Equifax settled the various lawsuits from federal and state regulators and consumers related to its 2017 data breach for up to $700 million. Hefty price tag not withstanding, the data for 147-million victims is still out there and there's not much consumers can do about it.
As chip-based payment cards become the norm, criminals are shifting tactics to use shimmers rather than skimmers to steal money from automated teller machines, Flashpoint said.