Can a chip card be compromised?
Your new chip card comes with proven technology already in wide use around the world. If the magnetic stripe and PIN information are stolen or compromised from a chip card in order to make a counterfeit magnetic stripe card, we will replace the chip card. The magnetic stripe must remain on the chip card to allow customers to conduct transactions in countries that have not yet transitioned to chip technology. Transactions completed with the magnetic stripe on your card are still safe and secure. Cardholders should continue to shield their PIN and check their financial statements regularly.
