In this article, they didn’t report even one incident of this card being used for identity theft.
They merely pointed to incidents of identity theft going up after their introduction.
There are plenty of ways to execute identity theft. I remain unconvinced these cards are the problem.
Perceptive on your part to catch the non sequitur. Most people would not for two reasons: they hate the chip and they don’t reason well. They’re the same kind of people who will now accuse you of living the chip and calling them stupid.
Chip cards aren’t the problem per se...but they just increase cost for everyone w/o much benefit since they left out the “PIN” part of “Chip & PIN” (we are “Chip & Signature”) AND they left the mag stripe on there to be easily duplicated and used on a clone card on a non-chip terminal. The chip did add some security in the internals of the readers (encrypted x-actions) and once every merchant in the USA buys a new terminal (millions/billions of $??) the mag stripe fraud will be eliminated.