Security News > 2018 > November > How financial institutions can change the economics of fraud

In 2017, the number of identity fraud victims in the United States has risen to nearly 17 million. As the US became the last of the G20 countries to adopt Chip and PIN/Signature cards, fraudsters – predictably and expectedly – moved towards online card-not-present fraud, which is, according to recent statistics, now 81 percent more likely than point of sale (card-present) fraud. “The volume of data breaches has bolstered fraudster’s ability to waltz through the … More → The post How financial institutions can change the economics of fraud appeared first on Help Net Security.

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