Experts are predicting that 2015 will be the worst year ever for credit card fraud, as the US begins transitioning to the EMV card standard.  The US accounts for over 47% of all fraudulent card transaction losses on 23% of all fraudulent transactions.  That is primarily because we haven’t moved to the chip card standard.

So look for your bank to be issuing you a new card with a chip in it soon.

If you are thinking that Apple Pay (the secure credit card transaction method in the new iPhones) will stop this….well not so fast.  Hackers have found a way to use the iPhones as accomplices.  They buy credit card numbers on the black market, and load them into an iPhone, eliminating the need to create fake pieces of plastic.

If you are an Apple Pay using iPhone owner, your information in the phone is not being hacked, so don’t worry.