oakhillgazette.com
December 3, 2015 Volume 20, No. 24 Southwest Austin’s Community Newspaper Since 1995
‘Tis the season for credit hackers by Ann Fowler
OAK HILL - As we head into the shopping frenzy leading up to Christmas, authorities warn shoppers to be wary of credit card skimming at retail stores, restaurants and gas stations. Thieves have been adding devices to ATMs and gas pumps to “skim” the data from credit card magnetic strips to create and use counterfeit cards. Miniature cameras can also be used to view the keypad information. As credit card fraud has spiraled out of control, banks are fighting back by making “smart” credit cards with data stored on integrated circuits rather than magnetic strips. These EMV cards (which stands for Europay, MasterCard and Visa) are designed to make purchases more
B-Ball! p. 16
Gazette: Sarah Weeks
Oak Hill resident gets ripped-off by device planted inside a gas pump secure. (Many of these new cards also have the magnetic strips to make them backward compatible.) A chip card is inserted at the front of a terminal; customers need to wait a few seconds before removing the card. A “liability shift” occurred on October 1 that requires most businesses to have the new EMV readers. Businesses without these new readers—often smaller businesses —will be liable for any fraud that occurs, despite a customer’s use of the new chip card. Before October 1 that liability belonged to the card issuer. An exception currently exists for
gas stations, which have until 2017 to switch to the new technology, because their upgrades are more complicated. The cost of fuel-related fraud is not insignificant—in 2013, gas stations lost $250 million while card issuers lost $500 million. According to the 2015 NACS Consumer Fuels Survey, 78 percent of consumers pay at the pump— which translates to as many as 30 million transactions every day. That provides a lot of opportunities for thieves. Oak Hill resident Deb Erlanson was one of those victims. She said See HACKERS on p. 3
Santa comes to Dripping Springs Saturday for the 11th Christmas on Mercer Street (see p. 12) -photo from 2014