Reason chip cards aren't stopping fraud exposed

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By Matt Hoffman, Buzz60

Those Chip-style credit cards are doing more than backing up checkout lines. They're forcing thieves to change their game.

As frustrating as the chip-cards are, they work. But, credit card fraud is still increasing. A new report from Javelin Strategy & Research finds that identity fraud has increased by 16% over the last year.

According to Visa, the use of Visa chip cards nearly doubled over the same period of time. So why are people still getting ripped off? Because scammers are moving online.

See more on cybersecurity:

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Cybersecurity tips

KEEP YOUR PASSWORDS STRONG AND VARIED

If your password is easy for you to remember, then it'll be easy for hackers, too. Try using symbols, numbers and capital letters throughout your passcode. Also, experts suggest you use different passwords for different accounts. 

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EMPLOY TWO-STEP AUTHENTICATION

Add another layer of security by having another code sent to your phone number before you can sign in.

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BEWARE OF PUBLIC WIFI

If you're traveling, verify with the coffee shop or hotel that the wi-fi name is valid -- many cybercriminals set up networks with similar names to popular spots. You can also set up a private VPN that encrypts all of your data that passes through the network.

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COVER YOUR TRACKS

Wipe your hard drive clean before giving away, recycling or throwing out your old laptop or computer.

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DON'T LEAVE YOUR DEVICES UNATTENDED

That's just asking for trouble!

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BEWARE OF MYSTERIOUS URLS IN EMAILS

Don't ever click on URL from an unidentified or sketchy looking email. 

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COVER YOUR WEBCAM 

FBI director James Comey suggests placing a piece of tape over your webcam when you're not using it. If that doesn't convince you, note that Mark Zuckerberg is known to do the same.

KEEP YOUR SOFTWARE UP TO DATE

Hackers target vulnerabilities in software, which are often resolved in software updates, so stop hitting the "ignore" or "remind me later" button!

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Javelin says so-called "card not present" fraud, committed on the internet or via phone, jumped by 40% in 2016. And since we're buying a lot more online, this problem is likely to get worse.

So don't throw away your chip card, but be careful with your data, too.

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