Originally Posted by jarusoba

When there is a fraudulent use of the card, as a cardholder, I just have to deny authorization and I won't be liable to the loss. But with the chip, the onus is on the cardholder to prove that he hasn't authorized the charge if the pin was entered. A chip card is hard to duplicate but nothing is impossible. The crooks who have successfully stolen or duplicate your card just have to somehow get your pin, you would become a victim of credit card fraud.^