While chips on these cards make it harder for thieves to steal your information, there is a new technique scammers are using to outsmart the technology. You may have heard of the term skimming before and this new technology is similar but is even harder to detect. It's known as "shimming."
Shimming is when someone inserts a paper-thin card-sized device inside the slot where you enter the chip side of your card. The device is embedded with a microchip and flash storage that can copy and save your payment information.
Scammers can then collect your card and pin number and use it to make purchases or withdraw money from your accounts. To protect yourself from shimming, you need to pay attention to where you use your card.
Kayla Gilbert a Community Outreach Specialist the Better Business Bureau of Eastern North Carolina says, "If you are at the gas pump or using an ATM, and it's resisting, or you feel a little tug, that is definitely a red flag definitely alert the attendant, or bank teller and let them know."
The Better Business Bureau offers these tips to protect yourself from shimming.