FBI takes down alert on chip credit cards after bankers complain
The FBI posted an online advisory about vulnerabilities with new chip-enabled credit cards, but then removed the message on Friday, less than a day later, following concerns from U.S. bankers that back chip cards.
The original online post was headlined, "New microchip-enabled credit cards may still be vulnerable to exploitation by fraudsters," and was replaced by a "page not found" message as of mid-day Friday.
The FBI didn't offer any comment Friday on what happened to the original post, which raised the need for PIN (personal identification number) security included chip-embedded cards. Use of a PIN instead of a customer's signature to bolster a chip card has become a heated battle between the nation's major retailers, which back a PIN, and powerful credit card companies and the major banks they support, which back signatures.
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