The EMV fraud liability shift took effect for U.S. merchants on Oct. 1. Some experts say card issuers and card brands still have a lot of work to do on the education front. The transition from legacy magnetic-stripe transactions to chip transactions will take several years to complete. While EMV chip cards are dramatically more secure than mag-stripe cards, the transition has come with new opportunities for fraud. An ABC News affiliate in Denver reports a new socially engineered scheme was using the EMV rollout to trick consumers into providing fraudsters with personal information.”]
Source: https://www.cuinfosecurity.com/emv-rollout-are-we-there-yet-a-8572