I live in a European country where chips are common. Yet, about one year ago I encountered a skimming device (I ripped it off and brought it to the cops). Unless magnetic strips are completely disabled (domestically and abroad) the security issue is still there.
Incidentally, one of my banks by default blocks all use of Maestro (the European debit card system) outside of the Eurozone. You have to activate use of Maestro abroad on a trip by trip basis. One of my other banks automatically blocks credit cards used in the United States unless preceded by cash withdrawal at an ATM.
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I live in a European country where chips are common. Yet, about one year ago I encountered a skimming device (I ripped it off and brought it to the cops). Unless magnetic strips are completely disabled (domestically and abroad) the security issue is still there.
Incidentally, one of my banks by default blocks all use of Maestro (the European debit card system) outside of the Eurozone. You have to activate use of Maestro abroad on a trip by trip basis. One of my other banks automatically blocks credit cards used in the United States unless preceded by cash withdrawal at an ATM.